Trio head into second-round bids for Green REIT

Three firms are competing to acquire Dublin-listed property group Green REIT, or some of its assets. Kennedy Wilson and the commercial arm of Germany’s DekaBank are understood to be in the running, with the third contender thought to be European private equity firm Henderson Park. The contenders are expected to submit second-round bids by midday tomorrow (19 July). One source close to the process said: “The exact form of the transaction hasn’t been determined but an asset sale is unlikely.” Green, which put itself up for sale in April, has a €1.5bn (£1.35bn) portfolio of largely office and logistics assets. Some