M&G adds to social housing supply in Dublin with acquisition of new development
M&G Real Estate, part of M&G plc’s £76.7 billion Private & Alternative Assets business, has acquired 67 social housing apartments in Blackrock, Dublin, for €31.3 million. The deal, which was made by the M&G European Secured Property Income Fund (the Fund), increases exposure to the residential sector and offers investors long dated, inflation-linked cash flows secured by local council-backed income. Located close to the city centre on the ‘The Dart’ tram network, The Butter Yard is at the heart of...