Green REIT / Central Park [2015] IECompA m15065 (19 November 2015)

Green REIT / Central Park [2015] IECompA m15065 (19 November 2015)

The Commission found that the proposed acquisition would not substantially lessen competition in the supply of rentable commercial property and cleared the transaction under Phase 1 review.

Parties
Acquirer: Green REIT plc; Acquirer: Green REIT (Central Park) Limited; Target: Central Park Limited Partnership; Target: Central Park GP Co Limited
Jurisdiction
Ireland
Judgment Date
19 November 2015
Procedural Posture
Merger Control / Clearance (phase 1)
Outcome
cleared
Legal Topics
Merger Control, Acquisition of Control, Commercial Property Sector
Competition Law Merger Control Acquisition of Control Commercial Property Sector

Case Brief

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Parties

Green REIT plc

Acquirer

Green REIT (Central Park) Limited

Acquirer

Central Park Limited Partnership

Target

Central Park GP Co Limited

Target

Procedural Posture

Merger Control / Clearance (phase 1)

Legal Issues

  1. 1 Whether the proposed acquisition would substantially lessen competition in the supply of rentable commercial property.

Ratio Decidendi

The Commission found that the proposed acquisition would not substantially lessen competition in the supply of rentable commercial property and cleared the transaction under Phase 1 review.

Court Disposition

cleared

Orders

  • The proposed acquisition is cleared under Phase 1.