A SLEW of well-heeled Irish investors are believed to have doubled their multi-million euro equity investment following the sale of a London office block that forms the largest part of Goldman Sachs's European headquarters.
The investors include former Bank of Scotland (Ireland) director Harry Slowey (now a director of Dublin-based financial services group FinanceOne), Xavier McAuliffe of Spectra, and former Unicare directors Martin Bates, Paddy Halligan and David O'Farrell.
They were all involved in the original acquisition of the River Court building in London in 2001 via Dublin-based Warren & Partners.
Warren originally acquired 50pc of the building, with Green Property -- the owners of Blanchardstown Shopping Centre in Dublin -- buying the other half.
They paid just over £246m, which at the time was equivalent to €399m.
The investors are thought to have stumped up about €40m in cash at the time to fund the acquisition, with the remainder being bank debt.
Warren, headed by Kevin Warren, later bought out Green Property's stake in the building in 2003.
Solicitor Enda Connolly of Warren Private Clients, the private arm of Warren & Partners, was also an investor in the deal.
The property has been acquired for £280m (€333m) by Hong Kong-based Chinese Estates with a net initial yield of 5.25pc.