Irish property investment group Green Reit (GRN) hit an important milestone during the latter half of 2016, completing and letting out its first office development. The 32,000 square foot (sq ft) development in Dublin has an annual contracted rent of €1.67m (£1.4m), up 11 per cent on its estimated rental value (ERV) at the end of June. On a group level annual contracted rent increased 6 per cent, surpassing the €65m mark.
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