Slate Office REIT to acquire Yew Grove REIT for €177m.

Slate Office REIT, an owner and operator of office real estate, agreed to acquire Yew Grove REIT, a real estate investment trust focused on Irish commercial property, for €177m ($203m). "This is a transformational opportunity for Slate Office REIT to acquire a portfolio of modern properties underpinned by exceptional quality tenants. The Proposed Acquisition, upon completion, would improve the REIT's portfolio metrics and the durability of our cash flows, generating immediate accretion for unitholders. With this initial acquisition in Ireland, we would be well positioned to pursue other attractive growth opportunities across Europe," Steve Hodgson, Slate Office REIT CEO.