Approved Housing Body paying €17m for 62 Cork apartments for social housing

NOT all of the ‘Cuckoo’ funds currently snapping up Ireland’s apartment blocks in fell swoops for fat profits are vultures, predators, or pension and international funds seeking top rents.

In this Christmas month, a benign Irish ‘cuckoo’ fund has taken a largely vacated, high-quality, 63-unit Cork apartment development, Park Avenue, in suburban Douglas, under its wing, destined for social-housing use.