Irish Life Assurance PLC, has dropped out of the race to acquire Green REIT plc (ISE:GN1), narrowing the field of bidders to three a little over a week before a deadline for final offers, according to sources. Kennedy Wilson, a German company, and a UK-based firm with US connections are understood to be leading the remaining three parties circling Green Reit. A spokesman for Irish Life, and a spokeswoman for Kennedy Wilson declined to comment. Representatives for Dekabank and Green Reit didn’t respond to requests for comment.