Apollo Global Management, the New York private equity, credit and real estate firm, has agreed to buy a package of distressed Irish property loans from Lloyds Banking Group for £149 million (€185 million; $237 million).
The agreement comes at a time when several private equity firms are beginning to invest in real estate-related assets in the country which is showing signs of recovery following an €85 billion International Monetary Fund bailout package in November 2010.
