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Australian bank sets aside €100m to buy Irish houses, claims report

Australian investment bank Macquarie has established a fund of €100 million to purchase homes in Ireland, according to a report by the Business Post.

The report claims that Broadstone Housing Investments Ltd., an Irish entity which is controlled by Macquarie, has already begun buying homes in Carlow housing estates in March of this year worth €875,000.

According to the Business Post, neither party in the deal would disclose how many homes had been sold.

This is not the Australian bank’s first foray into the Irish market – in 2020, the same company entered a €120 million arrangement to build more than 530 social housing units in the east of the country.

Last year the same investment bank bought the Fuinneamh Sceirde Teoranta wind farm from Irish shareholders off the coast of Galway for an undisclosed sum of money.

The same year, in 2021, the firm purchased Beauparc Utilities, which is Ireland’s largest waste management company.

https://www.jonesday.com/en/practices/experience/2021/08/macquarie-acquires-beauparc-utilities-irelands-largest-waste-management-company

Shortly after, Beauparc acquired a biomass power station in Co. Tyrone.

 

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