Green REIT eyeing more ‘selective’ purchases to drive shareholder returns

Publicly-quoted property investment fund, Green REIT has said it intends to continue “selectively” acquiring further properties in a bid to keep driving shareholder returns.

It is understood that the company’s current funding levels will be sufficient to cover future asset purchases.

Last December, the trust announced a four-year revolving credit facility, with Barclays Bank Ireland, worth an initial €150m, but with the capacity to grow to as much as €290m if necessary.