Yew Grove REIT plc lists on Euronext Dublin

Dublin – June 8 2018 – Yew Grove REIT plc (“Yew Grove REIT”), a newly incorporated Irish Real Estate Investment Trust, has raised €75 million through its initial public offering (“IPO”) on Euronext Dublin.

Yew Grove REIT began trading today on the Enterprise Securities Market of Euronext Dublin with a market capitalisation of €75 million (based on a reference price of €1.00 per share).

Yew Grove REIT's investment objective is to provide shareholders with high, good quality income from a portfolio of property comprising Well-tenanted Commercial Real Estate in strategic centres around Ireland, in line with its Geographic Target Market criteria.

This will primarily include office and industrial assets let to Irish government entities, State Bodies, IDA Ireland-supported and other FDI companies as well as larger corporates located in Dublin City (other than the CBD), within a c.30-minute commute of the M50 motorway, in IDA Ireland Business and Technology Parks and in major regional hubs, especially those identified under Project Ireland 2040.

Yew Grove REIT is managed by its Executive Directors and management team with an external AIFM and has a proven track record of more than 20 years’ in property investment in Ireland.

Barry O’Dowd, Non –Executive Chairman at Yew Grove REIT plc, said: “We are delighted to celebrate the successful IPO of Yew Grove REIT plc on the Enterprise Securities Market. Our listing on Euronext Dublin gives us a pan European platform to access capital from a deep pool of international investors both on IPO and in the future.”

Jonathan Laredo, CEO at Yew Grove REIT plc, said: “We believe Yew Grove REIT is a compelling opportunity for our customers, investors and the sector. We are well positioned to invest in strategic centres throughout Ireland using the funds raised from our listing. We are looking forward to life as a plc and delivering to our shareholders.”

_{About Yew Grove REIT plc

The Company’s investment objective is to provide Shareholders with stable long-term income from a portfolio of property comprising primarily Well-tenanted Commercial Real Estate located in the Geographic Target Market. Our highly experienced team has a proven track record in commercial property investment in Ireland and internationally, and is focused on delivering results. Our investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after re-furbishment. We provide shareholders with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres around Ireland.}

Download press release

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 2024, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

_Disclaimer
_{This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.}

_{This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at}_{www.euronext.com/terms-use}_.