Investors look towards property syndication as equities take back seat

PROPERTY syndication is becoming increasingly popular among investors, a breakfast seminar was told in Cork yesterday.

Kevin Warren of Warren Private Clients, which has €1.5 billion invested in property across the globe said people have moved away from traditional forms of investment such as equities, due to their poor performance in recent years.

However, he noted tax-based syndication deals will be scarce in Ireland after July 31, 2006. By then, many tax schemes will expire on foot of the review of such schemes initiated in Budget 2005, by Finance Minister Brian Cowen.