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Ireland

Updated Dec 19, 2023

Slate Office REIT Acquires Commercial Property Portfolio In Ireland For €127.8M
SOLDIndustrial

Slate Office REIT Acquires Commercial Property Portfolio In Ireland For €127.8M

Ireland

$127,800,000

Building Size

Asset Type

Industrial

Closing

Feb 7, 2022

About this deal

AI

Steve Hodgson, a real estate investor, has recently acquired a commercial property portfolio in Ireland. The portfolio consists of office, life sciences, and lite-industrial assets. The purchase price for this transaction was €127,800,000. The vendor of the portfolio was Yew Grove REIT, while the purchaser was Slate Office REIT.

Summary of transaction details:

  • Property Type: Office, Life Sciences & Lite-Industrial
  • Transaction Amount: €127,800,000
  • Vendor: Yew Grove REIT
  • Purchaser: Slate Office REIT - Steve Hodgson

Steve Hodgson's acquisition of the commercial property portfolio adds to his extensive real estate investment portfolio. This strategic move allows him to diversify his holdings and tap into the growing market sectors of office, life sciences, and lite-industrial properties in Ireland. With this purchase, Hodgson further solidifies his presence in the local real estate market.

Players

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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