Green REIT has now made two announcements concerning press speculation about its involvement with the Central Park portfolio of commercial real estate being sold by NAMA (Ireland’s National Asset Management Agency, which ended up owning a wide range of assets after Ireland’s financial sector ran into trouble in the credit crunch).
GRN has confirmed that it is the preferred bidder for Central Park and that the deal can be financed from its existing resources alongside its funding partner, PIMCO.