IRES REIT

Acquisition in Baldoyle

  • Sectors : Real Estate
  • Companies : IRES REIT

Ratings and price correct at time of issue.

  • IRES REIT

    Closing Price: 151c

  • RATING 08/05/15

  • PREVIOUS RATING N/A

DAVY VIEW

IRES has announced that it has closed the purchase of 52 residential units at The Coast in Baldoyle for €14m. The gross yield on the transaction is estimated at 6.1%, which is in line with the rest of the portfolio. The transaction will be financed by existing credit facilities and will be immediately earnings accretive.

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Feb 21 2019, 07:55 GMT

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