Yew Grove REIT plc (ISE:YEW) exchanged contracts to acquire Portfolio of Three Industrial Buildings at IDA Business and Technology Park, Garrycastle for €13 million on July 19, 2019. The transaction will be financed from a combination of cash, including drawing on the existing debt facility and net proceeds from the equity placing completed on July 12, 2019. €10 million will be used from equity placing to finance the transaction. The portfolio generated annual rent of €1.06 million. The transaction is expected to complete on July 24, 2019. David Anderson and Darren Vickers of Investec Bank plc acted as nominated financial advisors for Yew Grove. Yew Grove REIT plc (ISE:YEW) cancelled the acquisition of Portfolio of Three Industrial Buildings at IDA Business and Technology Park, Garrycastle on July 19, 2020.