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Starwood Property Trust rejects chance to sell Dublin office portfolio

WEEKEND PAPERS: Starwood Property Trust has passed on a chance to sell a portfolio of 12 office blocks and an apartment complex in Dublin.

Chief executive Barry Sternlicht said the REIT was offered the opportunity to sell the $450m portfolio – it values its equity net of loans at $164m – at a significant premium.

Sternlicht is positive on the market in Dublin, given the opportunity provided by Brexit.

Click here for the full Sunday Times article (£)

 

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