Friday 22 September 2017

Black Dot plans €20m spend on mast-site rights

Newly formed specialist property business Black Dot Tiger says it is looking to spend €20m buying up income rights on telecoms mast sites here.

The business is a joint venture by US Black Dot Capital & Real Estate Group and Galway-based Tiger International.

The plan is to buy the income rights to masts on farms, buildings and other properties. Landowners would sell their right to income on leases but not their property or the masts themselves, which are mainly owned by mobile phone firms.

It could mean a windfall for thousands of property owners, who will give up future income in exchange for a one-off payment.

Irish Independent

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