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Building costs will not spike after this crisis, says Nowlan

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Confident: Kevin Nowlan of Hibernia Reit believes sites may change to a shift system to help social distancing

Confident: Kevin Nowlan of Hibernia Reit believes sites may change to a shift system to help social distancing

Confident: Kevin Nowlan of Hibernia Reit believes sites may change to a shift system to help social distancing

Hibernia Reit, one of the country's biggest commercial property developers, has said building costs will not rise dramatically as a result of Covid-19.

Kevin Nowlan, the chief executive of stock market- listed landlord and developer Hibernia Reit, said yesterday that it was not budgeting any additional costs for the major project it has under way - a massive office redevelopment at Cumberland Place in Dublin.


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