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Property firm Green REIT announces annual rent roll of €52.9m

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Stephen Vernon and Pat Gunne have made a good start in the market with Green Reit

Stephen Vernon and Pat Gunne have made a good start in the market with Green Reit

Stephen Vernon and Pat Gunne have made a good start in the market with Green Reit

PROPERTY firm Green REIT has announced a gross annual rent roll of €52.9m in an interim statement.

The company also said it has spent €774m to day including two acquisitions for a combined price of €398m, including its biggest to date.

Green announced that it has an investment income yield of 7.1pc and a portfolio income yield of 6.8pc.

"The acquisitions have also expanded the Company's concentration in the greater Dublin area and increased lettable area by 691,000 square feet," Green said in a statement today.

Occupancy is running at 92pc while 96pc of the portfolio by value is located in Dublin.

Online Editors