Yew Grove REIT buys first commercial property in Cork city

Yew Grove REIT has bought a two-storey office block in Cork Airport Business Park for €7.5m.

Yew Grove REIT buys first commercial property in Cork city
Fri, 15 Feb, 2019 - 09:52
Digital Desk staff

Yew Grove REIT has bought a two-storey office block in Cork Airport Business Park for €7.5m.

The 40,953-square feet office block - Unit 2600 in Cork Airport Business Park, is the company's first investment in the city and represents a net initial yield of 7.85% after accounting for purchase costs.

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