Kane Tuohy. Financial and Commercial Center Ireland 07.06.2013

www.kanetuohy.ie

Investing in Irish Real Estate

Céad míle fáilte

2007 Decline

commenced

The Bubble Years

1991-2001

GDP

growth

above 7%

1994

onwards

Large

expansion in

workforce

May 2000-

May 2001

17%

increase in

house

prices

9/11

Slight

slowdown

2002-2006

House

prices

more than

double

2003-2007

Expansion

in

household

lending

The Crash

What happened next?

Where are we now?

What is the implication for you?

Value for Investors; Investor incentivisation

No liability:-

• CT/IT on rental income/profits

• CGT on disposals

SDZ

Special Rules planning

Mechanics and Tax Treatments

Should you decide to invest/investigate in Ireland...

Currently banks are not really lending so a lot of these purchases are being

funded by private investment companies

Who is investing and in what?

One Warrington Place, which was

sold by NAMA in 2011 to

Northwood Investors for €27million

La Touche House, one of the

three original office blocks at the

front of Dublin’s International

Financial Services Centre has

been sold in an off-market deal

for €35 million

River Island and Wallis buildings on

Grafton street, Dublin, which were

bought by German fund manager

GLL Real Estate for over €40 million

Sandford Lodge, Ranelagh, Dublin,

purchased for €27 million by

Kennedy Wilson, which has made a

major foray into Irish property in

2012.

87/89 Pembroke Road, D4,

purchased by an overseas buyer

for €15.5 million, €1.5 million

above the guide price, The new

owner will get a return of over 7

per cent on the investment.

Dublin's Morrison Hotel,

which was bought last year

by billionaire Russian

businesswoman Elena

Baturina for €22 million

Céad míle fáilte

The Malt House North | Grand Canal Quay | Dublin 2 | Ireland

Tel: +353 (0)1 672 2233 | Fax: +353 (0)1 678 6033 | e: [email protected]

www.kanetuohy.ie

The content of the presentation cannot be applied as legal counselling as this will

always be subject to actual and specific knowledge of the client’s situation.