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Green REIT returns to capital raising trail seeking net €385m in fresh equity

Green REIT is returning to the capital raising markets to raise a further €385m of net equity capital as Ireland’s first ever real estate investment trust seeks to capitalise on the continuing flood of real estate coming to the market amid the country’s most frenetic transactional period for seven years.
By James Wallace
April 7, 2014 | 11:00 AM

In a statement on Friday afternoon, Green REIT outlined its placing offer just nine months after its maiden capital raising to raise 400m through the issuance of 356.9m ordinary shares at 1.12, which reflects a 5.5% discount to end of Thursday’s (April 3) closing share price.

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