Yew Grove REIT PLC Completion of the acquisition (3405L)
December 21 2018 - 10:18AM
UK Regulatory
TIDMYEW
RNS Number : 3405L
Yew Grove REIT PLC
21 December 2018
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 EUR16 million, has now completed.
Enquiries:
Yew Grove REIT plc Tel: +353 1 4853950
Jonathan Laredo, Chief Executive
Officer
Michael Gibbons, Chief Investment
Officer
Charles Peach, Chief Financial
Officer
Investec Bank plc
Joint Broker & ESM Advisor Tel: +353 1 421 0000
Tommy Conway, Eoin Kennedy
Joint Broker & NOMAD Tel: +44 20 7597 5970
David Anderson, Darren Vickers
Goodbody Stockbrokers UC
Joint Broker Tel: +353 1 667 0400
David Kearney, Joe Gill
Tel: + 353 1 662 4712
Hume Brophy
Media Enquiries yewgrove@humebrophy.com
Edel Bach, Karin O'Conor
Notes to editors:
Yew Grove raised gross proceeds of approximately EUR75 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").
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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