GRN.L Regulatory News (GRN)

COMPLETION OF TWO SUBSTANTIAL DUBLIN ACQUISITIONS FOR TOTAL CONSIDERATION OF €409.5 MILLION

TOTAL CAPITAL INVESTED REACHES €774 MILLION

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Dublin, 20 October, 2014 - Green REIT Plc, ("Green REIT" or the "Company"), the Irish property investment company,confirmsthat it has completed the acquisition of the Sapphire Portfolio for €375 million (€385.3 million inclusive of acquisition costs). In addition, the Company has completed the acquisition of 13-17 Dawson Street, Dublin 2, for €23 million (€24.2 million inclusive of acquisition costs).

The Company's total passing rent is now €52.8 million per annum, representing an investment income yield of 7.1% on the portfolio. Green REIT has acquired a total of 24 high quality assets with a current occupancy rate of 92%. Following these acquisitions 96% of the Company's properties, by value, are in Dublin. The portfolio assembled to date is in line with Green REIT's stated objective to assemble a portfolio of prime and good quality secondary properties with a Dublin focus.

The Sapphire Portfolio

The portfolio comprises iconic office buildings at Georges Quay and George's Court, Dublin 2 and retail and other commercial space in Westend Retail Park, Blanchardstown, Dublin 15.

Further information on the portfolio is as follows:

§ Initial yield of 6%

§ Main office tenants include Pioneer Investments, Invesco, Northern Trust, GAM Fund Management and RBC Dexia

§ Main retail tenants include Next, Heatons, New Look, Lidl, Gap and Nike

§ Westend Retail Park is one of only 3 retail parks in Ireland with open use consent

13-17 Dawson Street

The property at 13-17 Dawson Street is one of Dublin's most prime CBD redevelopment opportunities and was acquired for a contract price of €23 million. The building, with substantial frontage onto both Dawson Street and Molesworth Street, has the potential to accommodate a substantial redevelopment scheme which doubles the existing lettable area, subject to planning permission.

ENDS

Contacts

Green Property REIT Ventures (Investment Manager to the Company)

Niall O'Buachalla, COO

+353 (0) 1 2418400

FTI Consulting (IR and PR to the Company)

Dublin London

+353 (0) 1 6633686 +44 (0) 20 3727 1000

Mark Kenny Stephanie Highett

Jonathan Neilan Giles Barrie

Melanie Farrell Nina Legge

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.

Note on forward-looking information

This Announcement contains forward-looking statements, which are subject to risks and uncertainties because they relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company or the industry in which it operates, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements referred to in this paragraph speak only as at the date of this Announcement. The Company will not undertake any obligation to release publicly any revision or updates to these forward-looking statements to reflect future events, circumstances, unanticipated events, new information or otherwise except as required by law or by any appropriate regulatory authority.