Thanks to Brexit, the Irish countryside is more popular than ever
New York
THREE years ago, Kanye West and Kim Kardashian spent their honeymoon at Castlemartyr Hotel and Resort, a palatial 17th-century manor house built around 13th-century Norman castle ruins. In September 2015, the five-star, 89-hectare estate set in the quiet countryside outside Cork, Ireland, was bought by British hotelier Martin Shaw for US$16 million.
Since the purchase, Mr Shaw has doubled down on his investment, refurbishing everything from the premier golf course to the world-class spa. But the resort is benefiting from Brexit more than from any glamour afforded by a celebrity duo.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies