Green REIT sees Brexit bounce for Dublin market

Green REIT, the publicly-quoted property investment fund, is confident that US companies will remain interested in taking up vacant office space in Ireland, despite potential policy changes by the Trump administration.

The company yesterday reported a positive set of interim results for the six months to the end of December. While first-half profits were down nearly 35% to €43.7m, net asset value rose 4.2% and the firm saw a 6.2% rise in contracted annual rent from 21 properties to the tune of €65.1m.

Furthermore, management said Dublin can benefit from Brexit and foreign direct investment can still flow in from the US despite the change in the White House.