market folly

John Paulson’s hedge fund, Pauson & Co, has disclosed a new position in Green REIT (LON: GRN).  Green REIT recently raised 320m euros via a public offering in Dublin and London.  According to a disclosure made on July 22nd,  Paulson & Co hold 12.92% of the voting rights.    

The company’s name perhaps suggests that it is involved in environmentally friendly investing but in this case the “green”  refers to Ireland and Green REIT is Ireland’s first real estate investment trust.  Green REIT will focus on buying commercial property in the Dublin area.  

If you missed it, be sure to also check out John Paulson's rare recent interview.

Per Google Finance – “Green REIT plc is a property investment company. The principal activity of the Company will be to acquire and hold investments in Irish real estate (primarily commercial real estate) with a view to maximizing shareholder returns. The Company will focus on investing in commercial real estate, including office, industrial and retail assets. The Company will not invest     20% or more in a single underlying issuer or investment company. The Company will not invest 40% or more in another collective investment undertaking. Green Property REIT Ventures Limited is an investment Manager to the Company.”