DC Advisory advises Slate Office REIT on its acquisition of Yew Grove REIT plc
Background
- Slate Office REIT owns and operates a portfolio of 55 strategically located real estate assets across major population centres in North America and Europe. The majority of the REIT’s portfolio consists of government and high-quality credit tenants
- Yew Grove, listed on both the Dublin and London stock exchanges, owned a portfolio of 23 office and industrial properties in Ireland valued at €168 million
- Yew Grove's assets include IDA business parks in Athlone and Waterford, as well as office buildings in Millenium Park, Naas, Citywest in Dublin, and Cork Airport Business Park. Notable tenants include ESB, Aldi, and Nestlé
Process
- DC Advisory advised Slate Office REIT on the acquisition of Yew Grove REIT plc
Outcome
- Slate Office REIT completed its acquisition of Yew Grove REIT plc in February 2022 for 177.4 million euros
- This transaction adds 23 modern properties primarily leased to tech, life sciences, and essential industries
- This transaction highlights DC Advisory’s extensive experience in the Real Estate sector
"This is a transformational opportunity for Slate Office REIT to acquire a portfolio of modern properties underpinned by exceptional quality tenants.” With this initial acquisition in Ireland, we would be well-positioned to pursue other attractive growth opportunities across Europe."
Date
Sectors
- Real Estate
Deal type
- M&A Advisory
Deal locations
Deal team
Managing Director, DC Advisory Ireland
Senior Manager, DC Advisory Ireland
Actions
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