Covid-19 sees German investor mark down value of Point Campus
Covid-19 sees German investor mark down value of Point Campus DWS transfers Dublin student housing to subsidiary at 6% discount to price paid in 2019 Wed, Jan 13, 2021, 06:00 The owners of Ireland’s largest off-campus student accommodation complex have marked its value down by 6 per cent to reflect the impact of the Covid-19 pandemic on the sector. Having paid a net purchase price of €142.26 million to acquire the Point Campus in December 2019 from BlackRock Real Estate and the O’Flynn Group, Deutsche Bank subsidiary DWS have now ascribed a net value of €134.61 million to the prop...
Source: irishtimes.com