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Pressure mounts on Yew Grove’s buyer after shares plunge

by | Jul 8, 2024 | Uncategorized

The Canadian owner of a portfolio of 22 commercial properties in Ireland faces increased financial pressures after defaulting on its loans.

Shares in Slate Office Reit, which bought the portfolio of publicly quoted Yew Grove Reit for €170 million in 2022, have plunged by 82 per cent in the past year, from $2 (Canadian) to 36c. Last Thursday the Toronto exchange put the Reit’s listing under review.

https://www.thetimes.com/article/8664a744-d070-4dd3-a481-ee42f91e133e?shareToken=55ad299430cee1eee94affb99b5dc120

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