21 Dec 2018 16:18
Yew Grove REIT plc
(the "Company" or "Yew Grove")
Completion of the acquisition of buildings on the IDA Business Park in Letterkenny
Yew Grove, which owns a diversified portfolio of Irish commercial property assets, is pleased to confirm that further to its announcement earlier today, the acquisition of Buildings B1, B2 and B3 on the IDA Business Park in Letterkenny, for an agreed price of €16 million, has now completed.
Enquiries:
Yew Grove REIT plc | Tel: +353 1 4853950 |
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Jonathan Laredo, Chief Executive Officer Michael Gibbons, Chief Investment Officer Charles Peach, Chief Financial Officer
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Investec Bank plc |
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Joint Broker & ESM Advisor Tommy Conway, Eoin Kennedy
Joint Broker & NOMAD David Anderson, Darren Vickers | Tel: +353 1 421 0000
Tel: +44 20 7597 5970
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Goodbody Stockbrokers UC |
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Joint Broker David Kearney, Joe Gill | Tel: +353 1 667 0400
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Hume Brophy | Tel: + 353 1 662 4712 | |
Media Enquiries Edel Bach, Karin O'Conor | yewgrove@humebrophy.com |
Notes to editors:
Yew Grove raised gross proceeds of approximately €75 million in June 2018 to invest in a diversified portfolio of Irish commercial property, with a particular focus on well-tenanted commercial real estate assets comprising office and industrial assets let to Irish government entities (and other state bodies), IDA Ireland supported and other FDI companies, and larger corporates, located in attractive locations in the Dublin suburbs and catchment area, main regional cities, and IDA business parks (the "Geographic Target Market").