Yew Grove REIT Increases Loan Facility Size To EUR29.1 Million

Thu, 11th Jul 2019 18:40

(Alliance News) - Yew Grove REIT PLC said Thursday it has agreed an increase to its three-year floating rate loan facility with Allied Irish Banks PLC by EUR9.1 million to EUR29.1 million.

The facility is in place until December 2021, is based upon a margin over three month Euribor and is secured on some of Yew Grove's properties.

The facility will be used to partly finance the company's acquisition of future properties and enhance investment returns.

Shares in the Irish real estate investment trust closed 0.4% higher at EUR1.01 on Thursday in London.

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