19th Mar 2021 11:56
Yew Grove REIT PLC - Dublin-based real estate investment trust focused on office and industrial buildings - Agrees to fund the construction of a new building on the IDA Ireland Business & Technology Park in Athlone, central Ireland. Notes the new building will be adjacent to one of its existing properties on the park and will be constructed by JJ Rhatigan for EUR9.3 million. Says once the building has been completed, which is expected to be in 12 months time, an unnamed tenant will enter a lease that will be accretive to the net yield on Yew Grove's portfolio.
"We are excited to be working with our tenant and JJ Rhatigan to help deliver a building which allows our tenant to grow its Irish business and workforce. I look forward to the successful completion of this project and the growth of our footprint in Athlone," says Chief Executive Jonathan Laredo.
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By Zoe Wickens; [email protected]
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