German real estate investment group, Real I.S., has opened an Irish office, with a view to expanding its portfolio here.
The organisation has already invested €600m in eleven Irish properties.
Five of these are residential and four are commercial investments in the greater Dublin area.
The other two are commercial properties located in Cork.
"The number of properties we hold in Ireland is steadily growing and we are planning to launch an Irish-focused residential property fund," said Barbara Geidner, Head of Investment Management International at Real I.S. AG.
"As such, the establishment of a branch in Ireland was a logical next step, enabling us to meet the increasing demands of managing our existing assets and investing in new ones."
Founded 30 years ago as BayernLB's fund provider, Real I.S. is part of the Sparkassen-Finanzgruppe German savings banks group.
It has assets of around €13 billion under management.
The company has appointed Nana Collins as Country Manager for Ireland.
"The Group has already invested in a number of properties in Ireland and I am excited to have the opportunity to manage and strategically expand our residential property portfolio. We believe there are considerable opportunities for further expansion at this time," she said.
