Yew Grove REIT plc announced it has agreed a number of leasing transactions, including the letting of Birch House, Millennium Park, with the net effect of increasing company's contracted rent roll to €11.1 million (from €10.6 million). The WAULT to break currently stands at 4.6 years to first break (4.2 following company's acquisition of Millennium Park in February) and 7.6 years to lease end (up from 7.5 in February). Vacancy across the portfolio has been reduced from 10.5% to 7.8% (by sq. ft.) and from 11.9% to 7.5% by estimated rental value ("ERV") using the ERV set by company's external valuers in December 2019. Details of the individual transactions are set out below. The Company has agreed terms with a large multinational to lease Birch House, Millennium Park, in its entirety. Birch House is a modern three-storey office block, designed by Scott Tallon Walker, and comprises 40,333 sq. ft. of open plan space constructed around a three-storey atrium. The building is situated on the Millennium Business Park, in Naas, County Kildare, where the Company owns another five buildings, all fully let. The lease is for the building plus 156 car park spaces. The lease term is 15 years with a break option at 10 years at a headline rate of €16.50 per sq. ft. plus €200 per car park space per annum. The Company has also agreed two further new leases. The first over its vacant retail space at Unit 24 in the Bridge Centre, in Tullamore. The unit is a prime, 750 sq. ft. unit at the front of the centre. The lease, to a major Irish financial institution, is for 10 years with a break at five years for an annual rent of €25,000 in line with company's pre Covid-19 estimate of ERV. The second is in its Blackwater House property in Mallow, where company signed a ten year lease with breaks at one, three and five years with the North Cork Enterprise Board over an office of 1,457 sq. ft. at a rent of €14 per sq. ft, an increase of over 25% on the rent they were previously paying. The Company has agreed the partial surrender and re-let of part (10,540 sq. ft.) of Unit A, IDA Business and Technology Park, in Garrycastle, Athlone. The building had been wholly let to Signature Orthopaedics Europe Ltd. (a subsidiary of an Australian orthopaedic company) and the surrendered part has been let to KCI Manufacturing (a subsidiary of 3M). KCI already occupies Buildings B1 and B2 which sit adjacent to this building and the let satisfies KCI's immediate expansion plans. The new lease is for five years, coterminous with the KCI's other leases and the rent, of €9.29 per sq. ft., is at a 24% premium to the previous rent.