Green REIT acquires two Dublin 2 office buildings

Green Reit Plc has confirmed that it has exchanged contracts to acquire two office buildings in Dublin 2 for €33 million, inclusive of acquisition costs.

20th June, 2014

Green REIT Plc has confirmed that it has exchanged contracts to acquire two office buildings in Dublin 2 for €33 million, inclusive of acquisition costs.

The total purchase price of €32 million equates to a net initial yield of 6.8 per cent, the company said.

Following the acquisitions, the total equity invested by the company will be €678 million, or 99 per cent of the total equity raised by the company since its launched in July 2013.

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