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US investment giant Blackstone upbeat on Irish prospects

Senior executives from global US investment firm Blackstone joined the bosses of Irish firms including Smurfit Kappa, Kerry Group and Permanent TSB in New York yesterday as they showcased their businesses to over 80 North American financial institutions.

The Davy Annual Equity Conference also attracted key executives from a number of other Irish firms such as hotel operator Dalata, insulation maker Kingspan, Bank of Ireland, Fyffes and Greencore.

Davy head of research Barry Dixon said that the event offers an opportunity to showcase Irish, UK and European investment prospects to global investment institutions seeking exposure to companies “that can deliver top-line growth, regardless of the underlying economy”.

Blackstone president and chief operating officer Tony James told attendees that the firm has continued to invest in Europe despite the continent’s uncertain prospects. The firm has been one of the biggest buyers of Irish assets and loans since the downturn.

Mr James said Blackstone “remains positive” on the prospects for the Irish property market given the lack of supply of good commercial office space in Dublin and the continuous growth in demand.

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