Property investment fund Green REIT announces €169m disposal programme

Publicly-quoted property investment fund Green REIT has detailed the assets it is looking to sell in order to maintain its borrowing ratio following its acquisition of the Central Park office development in south Dublin.

The fund recently completed its €155m purchase of full ownership of Central Park, in Leopardstown, which houses Vodafone, Merrill Lynch, Tullow Oil, Salesforce, and Ulster Bank.

It had already stated it would dispose of some existing assets in order to maintain intended total gearing levels of 25%.