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Thursday 16 August 2018

Green Reit gearing up

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The biggest listed real-estate investor in the country is in talks to beef up its war chest to as much as €322m, as it prepares for the "next phase" in the commercial property market here.

Green Reit said it is in talks with banks in Dublin and London to raise as much as €300m for a mix of acquisitions and to finance development and renovations within its current properties.

Yesterday, Green announced profits of €43.1m in its first year of operation. The firm reported portfolio investment yields of 7pc.

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