AIB has also signed deals with Peakside Capital and Partners Group on 50:50 basis, to dispose of its 9.87% interest in Polonia Property Fund and 7.5% interest in Polonia Property Fund II.
Peakside Capital and Partners Group are private asset management groups based in Switzerland.
Goodbody Corporate Finance counseled AIB on the deal and the acquisition is expected to be finalized during the third quarter of this year.
Completion of the transaction is subject to conditions upon obtaining certain regulatory approvals and other consents.
AIB said that the positive impact on its capital position as a result of the transaction is not material.
Peakside will add the assets to its activities in central and eastern European property, including deal origination and execution, asset management and fund management services.
