An Irish investment syndicate is celebrating a 125% gain on a UK property bought back in 2003.
The syndicate of around 30 investors, organised through Investec Ireland, has sold a site at 2 Seething Lane in London for £19m sterling. The sale comes three and a half years after it was bought.
Investec also recently sold a Swiss property investment, realising a 60% gain for investors after a 16-month period.
Investec Ireland, is part of the specialist South African banking group, and employs 60 people in Ireland.
