Updated Dec 19, 2023
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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Deal FAQ
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