Green REIT considers its funding options

Green REIT, the Irish listed Real Estate Investment Trust (REIT), is "considering its funding options".

Responding to media reports that the fund would raise more cash to finance further acquisitions, Green said this morning that “it is always considering its funding options including debt, equity and joint ventures”.

The listed property investors is in pole position, along with US real estate giant Kennedy Wilson, to acquire Central Park, a combination of office and apartment blocks in Leopardstown after the National Asset Management Agency named them as preferred bidders in a €310 million deal, although there is no certainty of a deal going through. This acquisition will be financed from existing company resources, alongside its funding partner PIMCO.

Green REIT became the first real estate investment trust to launch on the Dublin market when it raised € 310 million from its flotation in June. Part of its plan is to cash in on revived demand for high-quality office space in the capital.