One year on: the inexorable rise and rise of the Reit
It is now one year since Reits made their entrance into the Irish property market, giving investors a new way into the game.
Almost a year ago, Pat Gunne stood on the floor of the Irish Stock Exchange, awaiting the ringing of the opening bell. At the time, Gunne's Green Reit was about to launch a first for Ireland - a new Euro 300 million property investment vehicle.
A year ago, Green Reit didn't have an asset to its name. Now Gunne's new investment firm is sitting on a property portfolio worth in excess of Euro 700 million.
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