Irish portfolio doing well despite downturn, says property firm REO
REO – which is more than 60% owned by the Dublin-headquartered property company, Treasury Holdings – reported in its latest interim management statement, that occupancy levels in its Irish business remains high – and at a rate of over 95%.
“Although market conditions remain extremely difficult with the poor economic outlook and weakness in property markets, the REO business continues to perform well due to our high quality investment portfolio, which is focused on prime office and retail assets in Ireland with a broad tenant base,” commented REO chairman Ray Horney.
