REITs poised to snap up prime investment property

One of the main beneficiaries in the recovery of the Irish property market looks set to be the real estate investment trusts (REIT), who are poised to pick up Nama’s best assets.

Green REIT released its interim management statement yesterday which showed that the trust was poised to snap up prime investment property, while the Hibernia REIT announced that it had just paid €60m for two premises in Dublin city centre.

Green REIT has already acquired a portfolio of 16 properties throughout Dublin valued at €335m.