FinanceDublin.com - <b>Deals of the Year 2023: </b>Bridge and term loan facilities support Canadian REIT’s first Irish deal, the take private of Yew Grove REIT plc

The acquisition of publicly-listed Yew Grove REIT by Slate Office REIT involved the provision by AIB of a bridge loan term facility to help meet Takeover Panel requirements and a term loan to support its Irish growth plans under its new owner. Upon completion the deal saw Yew Grove REIT plc delist from Euronext Dublin and the London Stock Exchange.

One of the major real estate deals in Ireland in 2022 involved a Canadian Real Estate Investment Trust, Toronto-based Slate Office REIT, acquire its Irish-incorporated, dual-listed (Dublin and London) counterpart, Yew Grove REIT plc whose portfolio consisted of Irish office and industrial properties.
The transaction, which wins the Loans and Financing Take Private Financing award, was Slate Office REIT’s first acquisition in Ireland and saw it acquire a portfolio of....

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