US Investor Sells €80m Social Housing Portfolio in Dublin and Cork.

US investor TPG Angelo Gordon is seeking €80m for a social housing portfolio of 276 units in Dublin and Cork, guided at €289,855 per unit. The properties are let on long-term leases to local authorities, offering secure government-backed income. The move comes after ESR Europe and Lugus Capital put a 191-apartment portfolio in Dublin on the market for €71.8m, or €375,916 per unit. TPG Angelo Gordon previously sold a 104-apartment portfolio in Lucan, Dublin for €42m in February 2022.