Yew Grove REIT acquires Irish office block for €4m

Writer, Stock Market Wire
Friday, February 8, 2019 - 13:22

Irish property investor Yew Grove REIT said it had exchanged contracts to acquire an office block in the IDA Waterford Business and Technology Park in Butlerstown, Waterford for €4m.

The transaction represented a net initial yield of 8.56%, after accounting for all purchase costs, the company said.

The Waterford building was tenanted by Tech Mahindra Business Service under a 20 year lease with a break in five years, and SE2 Information Services Ireland under a five year lease.

At 1:22pm: (LON:YEW) Yew Grove Reit Plc Ord Shs Eur0.01 share price was 0p at 1.02p


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