fbpx

News

Sale of Green REIT progresses

Sale of Green REIT progresses – Green REIT, the Dublin-listed developer and investor with an €1.48bn portfolio of offices and logistics in Ireland, is in exclusive talks to sell the company to UK private equity company Henderson Park Capital Partners.

In a stock exchange announcement the company said: “Having assessed the bids received as part of the sales process in detail, with the assistance of its advisers, the independent committee of the board has entered into discussions with an affiliate of Henderson Park Capital Partners UK regarding a possible offer to be made by Henderson Park for the issued, and to be issued, share capital of the company.

“The completion of any offer for Green REIT would be subject to customary conditions for an offer for an Irish public company. There can be no certainty that a firm offer will be made, nor as to the terms on which any offer will be made.”

Green REIT put itself up for sale in April having become frustrated by its share price being subject to a “material and persistent structural discount to net asset value per share for over three years”.

GRN : Sale of Green REIT progresses

Leave a Reply

Your email address will not be published. Required fields are marked *