Irish Firms Steer Henderson Park's $1.5B Irish REIT Buy

Law360 (August 14, 2019, 5:33 PM EDT) -- U.K.-based real estate firm Henderson Park said Wednesday it will buy Irish real estate investment trust Green REIT in a €1.34 billion ($1.5 billion) deal steered by Irish firms Arthur Cox and A&L Goodbody.

Green REIT PLC, which was established in 2013, bills itself as the first real estate investment trust established in Ireland following the Irish government’s introduction of REIT legislation. The company said its shares have been chronically undervalued since 2016, leading it to announce a search for buyers in April, according to the announcement.

The sale to Henderson Park Real Estate Management Ltd. provides a markup on the...

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