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Veris forks out EU8m in property management blitz.(BUSINESS)
- Article from:
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Irish Independent (Dublin, Republic of Ireland)
- Article date:
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December 2, 2006
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Copyright informationCOPYRIGHT 2006 Independent News & Media PLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ailish O'Hora
AIM-listed Veris has acquired two Irish property management companies for approximately EU8m.
Formerly Irish Estates, the company has purchased Glenrye Property Services for EU7m in cash and the remainder through the issue of 374,000 shares.
Glenrye is the biggest independent retail property management company in Ireland and manages, amongst others, the Dundrum Town Centre, The Square in Tallaght, and Nut-grove Shopping Centre in Rathfarnham. The other acquisition, Premier Property Management, is a Dublin-based provider of property management services focused on the residential market. Veris is paying EU1m for Premier -- EU750,000 in cash and ...
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