Quintas buys bank building as investment

A GROUP of private pension investors, led by Quintas Wealth Management, has acquired a Bank of Ireland building as an investment, on a return of almost 9% .

It will repay borrowings on its circa €3.5 million acquisition in about eight years time, showing strong performance on this medium to long-term investment.

The deals shows signs of some emerging confidence again in property investments by Irish investors, tempted by a sizeable yield gap between bank investment/deposit returns, and a yield of close to 9%, on a property leased to Bank of Ireland, due to run until December 2031.