The past 12 months, however, seem to have been kinder for York Capital. It also emerged this week that York Capital is taking a more medium-term approach to other Irish investments: commercial property that it had snapped up under the radar following the financial crisis. Logistics and industrial property is the hottest segment of the Irish commercial property market at the moment, delivering total returns of about 14.5 per cent in the year through September, according to the MSCI Ireland Property Index. The reason may lie in the lucrative management and performance fees York Capital is sure to be eyeing – following the trend of other Irish property IPOs in recent years. Glenveagh Properties becomes a ‘unicorn’York Capital is not alone in turning to the stock market to boost returns on Irish real estate.

Source: The Irish Times January 20, 2018 07:07 UTC