Yew Grove REIT has become the latest public real estate company to plan a fresh stock listing in response to Brexit.
The Dublin-based company, which invests in commercial property in Ireland, expects to list its shares on Euronext Dublin during the first half of this year.
Under Irish tax rules, Yew Grove must have a listing on the main market of a stock exchange in a European Union member state. The company will keep its quote on London’s junior market, AIM.
Other, larger, real estate companies have made similar moves as part of efforts to ensure European investors can trade their shares now that the UK has fully left the EU.
These include SEGRO, which started trading on Euronext Paris last November, and Hammerson, which listed in Dublin at the tail end of the year.
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