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Dublin portfolio gets 9 bidders after Round Hill backs off from €450M deal

Marlet Property Group has been approached by at least nine parties to acquire the Dublin Living apartment portfolio after talks broke down with Round Hill Capital, the Irish Independent reported.

Sale negotiations with Round Hill were terminated in the previous week. Round Hill was reportedly paying roughly €450 million to secure the portfolio.

The sale offers the chance to forward fund the delivery of the 1,205 build-to-rent apartments in the scheme.

The interested parties that have contacted the seller are Hines, Kennedy-Wilson Holdings Inc., Tristan Capital Partners, Aberdeen Investments, Angelo Gordon & Co., LRC, Greystar and Deutsche Bank subsidiary DWS Investments.

The June 14 report noted that Greystar and Tristan Capital Partners were among the bidders that originally lost out to Round Hill Capital in 2017. The portfolio hit the market in June 2017 with a guide price of €425 million.