Yew Grove Reit has completed the purchase of six office buildings in Naas, Co Kildare for €25.3m. Together the buildings offer 13,000 square metres (141,000 square feet) of office space and 773 parking spaces alongside a 2.5 hectare (six acre) greenfield site. Yew Grove said the acquisition expands its portfolio to 28 properties with a gross asset value of €140m and an annual rent roll totalling about €10.4m. Chief executive Jonathan Laredo said the Naas acquisition “will generate significant value for both tenants and our shareholders”. “Yew Grove has a differentiated and diverse portfolio of well tenanted commercial office and industrial properties outside of the Dublin central business district,” he said.

Source: Irish Independent February 07, 2020 12:22 UTC