AXA and KWE complete on €161m debut Dublin PRS buy

KWE AXA IM The Grange

AXA Investment Managers and Kennedy Wilson Europe have completed on the €161m (£142m) purchase of The Grange PRS development in Dublin for the first acquisition of its Irish PRS joint venture.

Acquired from receivers Grant Thornton on behalf of the National Asset Management Agency (NAMA), the asset comprises of 274 flats and a four acre development site in the south Dublin suburb of Sandyford, which is just off the M50 motorway.

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