Irish property investment firm Green Reit yesterday reported a 264% increase in profit and signalled its intent to pull back from further acquisitions in the coming year.

Cork’s soon-to-be largest office block, One Albert Quay, is set to land another major tenant as the landmark development continues to attract considerable interest.

Cork City’s newest and largest office block, One Albert Quay, has been purchased for up to €58m by Green Reit nine months ahead of its completion.

Property investment fund Green REIT will “shortly” put in place fresh funding of €150m, with scope to increase that amount.

Irish property development company Green Property has sold a high-spec office block in central London for nearly €261m.

The news that Green REIT Plc has acquired the former Sun Alliance building — at nos 13-17 Dawson Street, in Dublin 2, for €23m — bodes well for the city’s crane count.

A property investment company has closed a deal to buy two Dublin city centre office buildings for €32m.

Green REIT plans to raise €400m through a share placement to take advantage of further investment opportunities in the commercial property market.

Ireland’s first property investment trust Green REIT has bought five Dublin-based properties from Danske Bank for €23m, significantly boosting its asset portfolio.

The first real estate investment trust will be launched on the Irish Stock Exchange today in an effort to boost liquidity for the commercial property market.

A new company looking for investment opportunities in Irish commercial property will list on the Irish and London stock exchanges next month.

Property consultant CB Richard Ellis has appointed a new managing director for its Irish operations.

Estate agents Gunne Residential and Gunne Financial Services have been sold to a new team of investors by the Gunne family for an undisclosed sum

Tommy Barker, Property Editor