Brendan Investments extends investor deadline

THE property investment vehicle backed by Eddie Hobbs is to extend the deadline for investors to join the fund by a month.

Brendan Investments had been looking to raise €250 million in equity from investors, which would be used to borrow up to €1 billion to buy property in Germany, Portugal, Ireland and Britain.

Brendan Investments said last night that it had exceeded its minimum subscription target of €10m but had not reached the €250m figure.