FINANCE: Green REIT has agreed a four-year revolving credit facility with Barclays Bank Ireland of up to €290m (£229.1m).
The initial commitment is €150m.
This is the second debt facility that the company has put in place and will take total debt facilities available to €365m when fully drawn.
Niall O’Buachalla, chief operations officer at Green Property REIT Ventures, the company’s investment manager, said: “This facility will provide the company with flexible and cost-effective capital to fund further opportunistic acquisitions and the development of our existing assets, while working within a conservative gearing range of up to a maximum level of 35% in line with the company’s stated investment policy.”
