Irish real estate fund raises €200m

Irish Residential Property Reit (IRPR) raised €200m (£164m) in a stock market listing yesterday, meeting its target as it became the third such real estate investment trust to launch in Ireland in the last year. US asset manager Franklin Templeton, which made one of the canniest trades in Europe’s debt crisis in buying Irish debt before the country started to recover, made a cornerstone investment in IRPR, it said in a statement.

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