Irish high net worth investors continue to plough money into European property deals as their appetite for such investments show no sign of ...

Irish high net worth investors continue to plough money into European property deals as their appetite for such investments show no sign of diminishing. Bank of Ireland Private Banking announced last week that it was investing €125 million ($146.1 billion) to acquire a commercial property complex in Stockholm’s central business district. The acquisition comes less than two months after the company agreed to pay about €285 million for a 21,000 square meter office complex in Paris. Also last week Dublin wealth-manager and property investor Derek Quinlan said he had started looking for investments for his high-net-worth clients in Warsaw. Quinlan Private, the Dubliner's investment company, is looking to raise €40 million from clients to invest in “a number of excellent, well-serviced sites”, which will be developed with partners who co-invest and/or manage the properties, according to reports in the Irish press. A document for Quinlan Private's central European residential development programme states that Warsaw is one of the cities in which it has identified a site. But the group has also signed deals in Budapest and two sites in Prague. Agreements on several other sites in Budapest, Prague, Warsaw and Bratislava are also being finalised, while negotiations are ongoing in regard to other sites in all four cities, according to the reports.