Yew Grove REIT PLC Facility Increase (9000E)

TIDMYEW

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 EUR10.1 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 EUR49.1 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                           [phone] 
 Jonathan Laredo, Chief Executive Officer 
                                             ---------------------------------- 
 Charles Peach, Chief Financial Officer 
                                             ---------------------------------- 
 Michael Gibbons, Chief Investment Officer 
                                             ---------------------------------- 
 
 Goodbody Stockbrokers UC                     [phone] 
                                             ---------------------------------- 
 Joint Broker & Euronext Growth Advisor 
                                             ---------------------------------- 
 David Kearney, John Flynn, Edel O'Reilly, 
  Ronan Bransfield 
                                             ---------------------------------- 
 
 Liberum Capital Limited 
                                             ---------------------------------- 
 Joint Broker & Nomad                         [phone] 
                                             ---------------------------------- 
 Richard Crawley, Jamie Richards, Jonathan 
  Wilkes-Green 
                                             ---------------------------------- 
 
 IFC Advisory Limited                         [phone] 
                                             ---------------------------------- 
 Financial PR                                 [e-mail] 
                                             ---------------------------------- 
 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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March 03, 2020 11:27 ET (16:27 GMT)