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Green Reit buys two office buildings in Dublin for €32m

Fri, 20th Jun 2014 13:58

Real Estate investment group Green Reit has exchanged contracts to acquire two office buildings in Dublin for €32m.The acquisition is in line with the firm's plan to build a portfolio of "prime and good quality" secondary properties with a Dublin focus.The first property, located in Harcourt Street has been let since completion to a government tenant at a passing rent of €1.01m per annum. The second, which is located in Harcourt Road, is being let until October 2015 at a passing rent of €1.26m per annum.The company has refinanced its secured debt provided to The Central Park partnership by LVS II SPE IV LLC, an entity managed by Pacific Investment Bank of Ireland, has provided a term loan of €150m. The company's 50% share of this bank borrowing is €75m.As of 14:46 the share price had risen 0.28% to 1.31p.WS
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11 Jun 2014 10:21

Green REIT To Buy Commercial Property Portfolio For EUR375 Million

LONDON (Alliance News) - Green REIT PLC Wednesday said it has exchanged contracts with the Cosgrave Property Group to acquire a portfolio of commercial real estate assets in Dublin for EUR375 million. Green REIT said the deal will be funded from the company's existing cash. It also intend t

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16 May 2014 10:05

Green REIT Says Portfolio Now Consists Of 16 Investment Properties

LONDON (Alliance News) - Green REIT PLC Friday said its portfolio now consists of 16 investment properties, after it made two acquisitions so far in 2014. The real estate investment trust said Friday it acquired its second portfolio of commercial real estate assets from Danske Bank Ireland

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29 Apr 2014 12:46

Green REIT Says 72% Of Shares In Open Offer Taken Up

LONDON (Alliance News) - Green REIT PLC Tuesday said that 72% of shares available in its open offer were taken up. The real estate investment trust said 192.2 million shares, roughly 72% of the open offer shares it made available it had made available were taken up by existing shareholders.

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4 Apr 2014 14:58

Green REIT To Raise EUR400.0 Million In Share Placing

LONDON (Alliance News) - Green REIT PLC Friday said it intends to raise about EUR400.0 million by issuing about 357.0 million shares, with the proceeds earmarked for further property investments. In a statement, the real estate investment trust said it intends to make a firm placing and pla

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20 Feb 2014 17:49

Green REIT In Joint Venture To Acquire Dublin Property Portfolio For EUR311.5M

LONDON (Alliance News) - Green REIT PLC Thursday said it is to acquire a portfolio of commercial and residential real estate in Dublin for EUR311.5 million, as part of a joint venture with LVS II CP Investor Ltd. The Irish property investment company said that The Central Park Limited Partn

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11 Feb 2014 06:17

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10 Feb 2014 16:06

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10 Feb 2014 08:55

Green REIT Targets Expansion After Successful First Eight Months

LONDON (Alliance News) - Newly established Irish property company Green REIT PLC Monday said it has made rapid progress in its first eight months, posting pretax profit of EUR121,000 for the period since it was established in July 2013. The firm listed on the Irish and London Stock Exchange

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10 Feb 2014 06:40

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7 Feb 2014 16:22

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