Irish financiers First Equity seals €220m LA property deal

AN IRISH company is financing a $300 million (€220m) property deal in Beverly Hills in Los Angeles.

First Equity Group, which finances property deals worldwide, has acquired two sites in Beverly Hills in a deal with American real estate firm HDS Group.

First Equity said the sites are located at 9200 Wilshire Boulevard and 450-460 North Palm Drive and are premium residential and mixed-use developments on some of the last remaining undeveloped sites in downtown Beverly Hills.