Green REIT plc (ISE:GN1) said it had narrowed the field of possible buyers to one, after an auction process that ended on July 25, 2019. Having assessed the bids received as part of the sales process, with the assistance of its advisers, Green REIT said in a sales process update that it will enter discussions with an affiliate of Henderson Capital Partners LLC. Green REIT did not reveal the identity of the other bidders, but Irish Life Group Limited and Kennedy-Wilson Holdings, Inc. (NYSE:KW) were in the running, the Sunday Times reported.

Other parties linked to the bidding include Brookfield Asset Management Inc. (TSX:BAM.A) including Union Investment Corp. P.L.C. (ASE:UINV) the newspaper added. Green REIT is looking to either sell the entire company or its €1.5 billion portfolio of assets which are focused on commercial property in the Dublin area.

J.P. Morgan Cazenove Limited is the lead adviser on the deal, Davy is joint adviser. Green REIT said the completion of any offer would be subject to customary conditions for an offer for an Irish public company and there is no certainty a firm offer will be made.