26 Nov 2013 07:00
Press Release
Appointment of Chief Operating Officer
GRN ID GRN LN
Tuesday, 26 November, 2013 | Green REIT Plc ("Green REIT" or the "Company"), the Irish property investment company, announces the appointment of Mr Niall O'Buachalla, as Chief Operating Officer of Green REIT Property Ventures, the Company's Investment Manager. He will assume this role with effect from 6 January 2014.
The role of Chief Operating Officer will incorporate the management of all financial, regulatory and risk functions of Green REIT as well as co-ordination of transactions and debt structuring of the Company's asset portfolio.
Niall O'Buachalla has over a decade of experience in the commercial property sector and previously held positions as Finance Director at Burlington Real Estate, where he was a co-founder, and Treasury Holdings. At Treasury Holdings, he was centrally involved in capital raising for large-scale commercial property developments and acquisitions in Ireland, the UK and China. Prior to Treasury, he was a property analyst at Tesco Ireland. Niall is a fellow of Chartered Accountants Ireland.
Pat Gunne, Managing Director of Green REIT Property Ventures, the Company's Investment Manager, said: "Niall brings a range of domestic and international property experience to Green REIT and we are pleased that he will join our team as we progressively invest our capital in Irish commercial property assets which are consistent with our stated strategy."
He added: "We have recently acquired a significant, diversified portfolio, with strong covenants, which provides an opportunity to drive rental income and enhance capital value through active asset management. Niall will play an important role in our plans for Green REIT's development in addition to providing oversight of risk and regulatory management issues."
ENDS
Contacts
FTI Consulting (IR and PR to the Company)
Dublin London
+353 (0) 1 6633686 +44 (0) 20 7831 3113
Mark Kenny Stephanie Highett
Jonathan Neilan Richard Sunderland
Melanie Farrell Giles Barrie
Nina Legge
greenreit@fticonsulting.com greenreit@fticonsulting.com
About Green REIT Plc
Green REIT Plc is an Irish Real Estate Investment Trust ("REIT") and is listed on the Irish and London Stock Exchanges. The Company was the first REIT established in Ireland following the introduction of REIT legislation by the Irish Government. The Company's stated strategy is to create a property portfolio consisting primarily of commercial property in Ireland to deliver income and capital growth through opportunistic investments, active property management and prudent use of debt finance. Please visit www.greenpropertyreit.com