Green REIT deals top €178m

The property investment firm Green REIT has invested €178m in three deals over the past two months, including the IN&M printworks in Citywest and the EBS headquarters in Dublin 4, as well as the commercial portfolio acquired from Danske Bank, according to its interim management statement.

The company listed on the Irish Stock Exchange in July and raised €310m for investment opportunities in the Irish commercial property market.

Green REIT paid €46.5m for the headquarters of the EBS Building Society on Burlington Rd, Dublin. The property has an area of 81,203 sq ft and an initial net yield of 8.6%. It is currently let to EBS and there are three years left on the current lease.