Hardman & Co Research
Hardman Talks Video| Yew Grove REIT
On 29 March 2021, the Yew Grove management team gave a presentation to investors on Hardman Talks. Watch it here: https://youtu.be/ZKMOlLAN9AE
The talk highlighted Yew Grove's strength in the Irish property market outside of Dublin's central business district. The market dynamics in the Republic of Ireland are particularly strong, as the country enjoys the strongest economic growth in Europe. A huge beneficiary of FDI, the economy posted 3.4% GDP growth in 2020 through COVID-19.
Yew Grove's modern industrial and office assets outside of central Dublin have attracted a rosta of multinational and government tenants. The company achieved almost full rent collection over COVID and uniquely posted a rise in NAV as a result of revaluation and rental increases. There is a strong pipeline of opportunities going forward, which would likely require additional capital. The discussion topics broadened into competition for assets, scope of any future capital raise, evidence of emergence of a hub and spoke model in Dublin.
Watch the recording: https://youtu.be/ZKMOlLAN9AE
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