Henderson Park to buy Green REIT for $1.5b
Henderson Park Real Estate Management has acquired Green REIT, Ireland’s first REIT, for €1.34 billion ($1.5 billion), reported media outlets.
Green REIT, which joined the stock market in 2013, put itself up for sale in April.
“The acquisition of Green REIT offers a rare opportunity to invest in a large institutional-quality office portfolio and a strategic logistics park through a single transaction,” said Nick Weber, chief executive of Henderson Park, who founded the company in 2016. “The portfolio offers exposure to high-quality properties located predominantly in Dublin, leased to blue-chip tenants, and two strategic development sites. We believe in the short-term and long-term prospects of the Irish market with its strong macroeconomic backdrop and underlying real estate fundamentals.”
Subject to shareholder approval, Henderson Park is to acquire the business for its funds Henderson Park Real Estate Fund I US LP, Henderson Park Real Estate Fund