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Yew Grove REIT PLC - YEW
Facility Increase
Released 16:27 03-Mar-2020



RNS Number : 9000E
Yew Grove REIT PLC
03 March 2020

Yew Grove REIT plc

(the 'Company' or 'Yew Grove')

Facility Increase

Yew Grove REIT plc (LSE:YEW, Euronext:YEW), which owns a diversified portfolio of Irish commercial property assets, is pleased to announce that it has agreed a €10.1 million increase to its three year floating rate loan facility (the 'Facility') with Allied Irish Banks, p.l.c. ('AIB') bringing the total Facility to €49.1 million. The Facility is in place until December 2021, secured on certain of Yew Grove's properties, and interest is charged on a margin over three month Euribor.

As noted in the Company's investment policy, the Facility will be used to part finance the Company's acquisition of future properties, generating further income and potentially enhancing investment returns.

Enquiries:

Yew Grove REIT plc

+353 1 485 3950

Jonathan Laredo, Chief Executive Officer


Charles Peach, Chief Financial Officer


Michael Gibbons, Chief Investment Officer




Goodbody Stockbrokers UC

+353 1 667 0400

Joint Broker & Euronext Growth Advisor


David Kearney, John Flynn, Edel O'Reilly, Ronan Bransfield




Liberum Capital Limited


Joint Broker & Nomad

+44 20 3100 2000

Richard Crawley, Jamie Richards, Jonathan Wilkes-Green




IFC Advisory Limited

+44 20 3934 6630

Financial PR

yewgrovereit@investor-focus.co.uk

Tim Metcalfe, Graham Herring


Notes to editors:

Yew Grove REIT plc, quoted on the London Stock Exchange's AIM and Euronext Growth Dublin, is an Irish commercial real estate company invested in a diversified portfolio of Irish commercial property. Yew Grove has a particular focus on well-tenanted commercial real estate assets comprising of office and industrial assets outside of Dublin's Central Business District.

Yew Grove's highly experienced team has a proven track record in commercial property investment in Ireland and internationally, and is focused on delivering results. Its investment approach is strategic, not speculative, principally on assets that are let, pre-let or to be let after refurbishment. Shareholders are provided with stable, long-term income from a diverse portfolio of commercial property comprising well-tenanted real estate in strategic centres let to Irish government entities and other state bodies, IDA Ireland supported and other FDI companies, and larger corporates.

ENDS


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Facility Increase - RNS

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Yew Grove REIT plc published this content on 03 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 March 2020 16:33:05 UTC