Tag Archives: Green REIT

Green REIT closes protracted Cosgrave €375m ‘Sapphire’ portfolio buy

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Green REIT has completed the protracted €375m acquisition of the Sapphire portfolio after vendor Cosgrave agreed a discounted pay-off on the defaulted debt which secured the Dublin office and retail portfolio. The protracted closure of the Cosgrave property portfolio has … Continue reading

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Green REIT nears €383m Cosgrave ‘Sapphire’ portfolio buy and signing up to a €200m RCF

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Green REIT is on schedule to close the circa €383m acquisition of the Cosgrave portfolio in early October and close its first revolving credit facility (RCF) of up to €200m, leaving the Irish group with a further €322m of headroom … Continue reading

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Green REIT wins Cosgrave’s ‘Project Sapphire’ Dublin portfolio for €375m

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Green REIT, Ireland’s maiden real estate investment trust, signed contracts last night to acquire a pool of Cosgrave Property Group office and retail assets in Dublin for €375m, in an off-market process codenamed Project Sapphire. Cosgrave Property Group has sold … Continue reading

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Green REIT returns to capital raising trail seeking net €385m in fresh equity

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Green REIT is returning to the capital raising markets to raise a further €385m of net equity capital as Ireland’s first ever real estate investment trust seeks to capitalise on the continuing flood of real estate coming to the market … Continue reading

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Bank of Ireland to finance Dublin’s Central Park at tightest post crisis senior margin

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Green REIT and PIMCO have financed their acquisition of the Central Park office portfolio with a senior loan from Bank of Ireland, in the strongest indicator yet of the rapid normalizing domestic senior lending market. CoStar News can reveal that the … Continue reading

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Green REIT and PIMCO set to close Central Park buy sparking €150m financing mandate

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Green REIT has confirmed it has exchanged contracts to acquire Central Park for €311.5m in a joint 50:50 venture with PIMCO, sparking a €150m senior financing mandate on the six-strong office complex next month. PIMCO is to provide a circa … Continue reading

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Green REIT confirms €311.5m Central Park price for consortium’s acquisition

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Green REIT has confirmed the €311.5m purchase price of the soon-to-close Central Park acquisition from NAMA and approximate terms of the breakdown of the deal with joint venture partner and financier, PIMCO, and Kennedy Wilson. In the Irish REITs interim results published this … Continue reading

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Green REIT and Kennedy Wilson edge out Blackstone to win NAMA’s Central Park for c.€310m

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Green REIT and Kennedy Wilson have edged out Blackstone to win the fiercely-competitive bidding process for NAMA’s Central Park paying just over €310m for the coveted business park south of Dublin city centre, CoStar News can reveal. Green REIT will … Continue reading

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Battle for Dublin’s Central Park: five-strong finalists emerge

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NAMA has selected a five-strong shortlist to progress through to the second and final round for Dublin’s coveted Central Park business park, multi-family and development portfolio with a pricing spread of €14.5m on first round bids. CoStar News can reveal the … Continue reading

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