Irish put billions into UK property market

IRISH investment in British property is heading towards the €2 billion mark this year, with confirmation this week of several major consortium purchases across the Irish Sea.

A consortium called Jaguar Capital has just acquired a Central London office building, Thames Court, for a whopping €200 million, showing a 6% yield.

The acquisition was an off-market deal sourced by CB Richard Ellis Gunne for confident Irish backers, in which Irish investors each stumped up an average €250,000 to buy into the geared purchase, in a deal associated with Anglo Irish Assurance, with lending supplied by Anglo Irish Bank.