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Green REIT Plans $260 Million IPO for Irish Property Investments

Green REIT Plc said it’s seeking to raise about 200 million euros ($260 million) in an initial public offering and would become Ireland’s first real estate investment trust.

Green REIT will mostly own commercial real estate in the Irish capital, the company said in a statement today. The company’s management will seek shareholder returns of 10 percent to 15 percent a year when fully invested, according to the statement. The shares would be listed on the London and Irish stock exchanges.