Transactions - APRIL 15, 2019

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Green REIT puts itself up for sale

by Andrea Zander

Ireland-based Green REIT, which has property assets of €1.5 billion ($1.7 billion), is putting itself up for sale in a bid to “maximize value for shareholders.”

The REIT appointed JP Morgan Cazenove to initiate a process for the sale. CBRE has been appointed as property adviser to the company.

Its portfolio totals €1.48 billion ($1.67 billion) in real estate assets, 88 percent of it is prime office space, and the remaining is logistics assets. A majority of the assets are located in Dublin. Green REIT’s portfolio includes a number of buildings at Horizon Logistics Park in north Dublin, as well as One Molesworth Street in Dublin’s city center and the Central Park complex in Sandyford.

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