IN BRIEF: Irish Residential acquires units in Dublin for EUR66 million

Irish Residential Properties REIT PLC - Dublin-based real estate investment company - Acquires ...

Alliance News 5 January, 2022 | 2:25PM
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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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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Irish Residential Properties REIT PLC 1.02 EUR 0.59 -

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