Green to attract extra €150m funding

Property investment fund Green REIT will “shortly” put in place fresh funding of €150m, with scope to increase that amount.

The company — the first of the Irish real estate investment trusts (REITs) to float last year — said in its latest trading update, issued yesterday, that it will “shortly put in place a revolving credit facility with an initial limit of €150m, but with scope to increase this limit”.

Two months ago, Green said it expected to secure a new debt facility with its lenders to the tune of between €100m and €200m, over the coming months.