Real estate firm set to list on stock exchanges

A new company looking for investment opportunities in Irish commercial property will list on the Irish and London stock exchanges next month.

Green REIT (real estate investment trust) is looking to raise over €200m from Irish and British investors with the aim of putting together “a portfolio of freehold and long leasehold properties consisting primarily of commercial property in Ireland, principally Dublin”.

The company’s management team, led by Stephen Vernon and Pat Gunne, say they are targeting returns of between 10%-15% each year. The other two directors of Green REIT are Gary Kennedy and Jerome Kennedy.