Share price shows demand for more Reits is out there

The Green Reit, the recently-launched real estate investment trust, revealed its first Irish property purchases, last week having raised €310 million through its initial public offering on the Irish Stock Exchange in July.

The Green Reit, the recently-launched real estate investment trust, revealed its first Irish property purchases, last week having raised €310 million through its initial public offering on the Irish Stock Exchange in July.

Green, which is managed by Stephen Vernon's Green Property Reit Ventures, spent €127.6 million on a portfolio of property assets from Danske Bank, and just under €51 million combined on other properties. It leaves the Reit with around €130 million ...