23rd Dec 2019 06:56
(Alliance News) - Yew Grove REIT PLC said Friday it has completed the purchase of an office building at the IDA Business and Technology Park in Ireland for EUR12 million.
The Irish commercial property investor said the lease has a weighted average unexpired lease term to break of 8.9 years and to lease expiry of 11.9 years.
The total current rent toll for the building is EUR950,000 per annum, the company said.
The acquisition of this building brings Yew Grove's total footprint in the IDA Ireland park to approximately 205,000 square feet in five buildings with an aggregate annual rent of around EUR2.4 million from four different tenants, the company said.
Yew Grove shares were untraded at EUR0.975 in London on Friday.
By Loreta Juodagalvyte; [email protected]
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