Publications

Henderson Park wins bid to purchase first Irish REIT
Transactions - AUGUST 1, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Henderson Park wins bid to purchase first Irish REIT

by Kali Persall

Henderson Park has been selected as the preferred bidder to purchase the €1.3 billion ($1.5 billion) Green REIT, the first REIT in Ireland, listed in 2013.

The auction process, which ended on July 25, included DekaBank Deutsche Girozentraleassurance, pensions company Irish Life, and Kennedy Wilson, according to media sources.

The REIT announced the sale in April “because shareholders were stuck with a ‘material and persistent’ discount between its share price and the value of its portfolio,” according to Reuters.

The move comes a week after Henderson Park entered the Irish market with the purchase of Heuston South Quarter, a 247,890-square-foot mixed-use campus in Dublin, from an affiliate of Marathon Asset Management.

Green REIT has entered discussions with an affiliate of Henderson Park regarding a possible offer to be made by Henderson Park. The comple

Forgot your username or password?