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Dr Rory Hearne: The Government does not want you to be able to afford to buy a home
The housing expert says the investor takeover of homes is no accident – it’s Government policy. By Rory Hearne Wednesday 5 May 2021, 5:00 PM 3 hours ago 33,533 Views 87 Comments Rory Hearne Lecturer in Social Policy
THE PUBLIC IS right to be enraged and worried about global investment funds buying up entire estates and apartment blocks. These homes are going to be rented out at inflated rents forever and will lock out those seeking to buy a home.
The Government has been called on to do something to stop this. Even Fianna Fáil politicians have come out crying crocodile te
Old faces in Cerberus camp for Westpac auto
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Alternatives bigwig Cerberus Capital is putting the band back together for Westpacâs auto loans divison auction.
Cerberus, headed in Australia by former CVC dealmaker David McWilliam, and its portfolio company Angle Finance are into the Westpac auctionâs second round.
While Cerberusâ team is capable of putting the bid together, it is understood the firm has retained Sydney-boutique Faraday Associates for some strategic and financial advice.
Street Talk. Â
Peter Braig
Cerberus is making the bid via Angle Finance, which is its Australian non-bank lender that snapped up the Westpacâs vendor finance business last year. Faraday helped Cerberus with that acquisition, along with law firm Allens and financiers including Morgan Stanley, SocGen and Citi.