Directors Andy and Philip Brainin called for a greater official Dublin presence at MIPIM next year when they spoke to MIPIM News. Read the full article below.
Irish capital Dublin should have a stronger presence at MIPIM as it seeks to capitalise on the economic fall-out of Brexit and its potential impact on the UK. This is the view of Andy Brainin and Philip Brainin, directors of office and residential investor South Hill Capital.
“Dublin is a very positive market at the moment and there is an upbeat mood about the possibility of business transferring to the city in the wake of Brexit negotiations,” said Andy Brainin, amid speculation that come London financial services may relocate to Dublin.
South Hill Capital typically invest in office buildings up to €10m, often with a residential component. Residential makes up around a quarter of its portfolio by value and the company typically looks to refurbish and hold, rather than recycle.
“We tend to buy Georgian office stock in prime locations, much of which has not been invested in,” Philip Brainin said. “We then refurbish it and prefer to hold the assets for the long term because, currently, the returns are better in Ireland. We are very keen to fins more possible acquisitions, which is why it’s so frustrating that Ireland is not represented in the same way as the UK.”
