Hibernia REIT joins EPRA index
Published 05/09/2015 | 02:30
Hibernia REIT has been added to the Epra Europe Index of listed real estate companies.
The move, which had long been expected, will bring more liquidity to Hibernia shares, as several funds track the FTSE Epra Index.
Hibernia REIT boss Kevin Nowlan was delighted with the move. "We believe this is an important step in broadening the universe of potential investors in the company and it demonstrates the changes brought about in the Irish property market through the introduction of the Irish REIT legislation in 2013," he said.
EPRA chief executive Phillip Charls said the admission was "due to excellent performance and clarity of reporting that Hibernia REIT".
Shares in Hibernia REIT climbed 1.5pc in Dublin, and the shares have gained nearly 20pc in the past 12 months, buoyed by the improved market here.