Irish commercial property landlord Yew Grove Reit tentatively agrees to sell for €127.8m 

Davy said the deal reflects 'wider issues for Irish real estate'

The members of the Yew Grove board said they consider the terms of the offer to be 'fair and reasonable'. 

Irish commercial property landlord Yew Grove Reit has received a takeover approach from Canadian property owner Slate Office Reit.

Yew Grove has agreed on the terms of a potential cash offer of around €127.8m and said it will recommend the deal to its shareholders if and when the cash offer is formally made.