Irish Residential Properties REIT PLC - Dublin-based real estate investment company - Acquires 152 residential units in Dublin for a total purchase price of EUR66 million. The acquisition is funded from the company's credit facilities. Irish Residential Properties says the acquisition includes completed apartments as well as a forward commitment to purchase a new development currently under construction. The company expects the asset to generate a gross yield of 4.9%.
Current stock price: EUR1.66, up 0.1%
Year-to-date change: up 0.2%
By Heather Rydings; heatherrydings@alliancenews.com
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