Saturday 18 November 2017

Hibernia REIT buys two Dublin buildings and site for €16m

Hibernia's latest acquisition The Chancery Building
Hibernia's latest acquisition The Chancery Building

PROPERTY investment firm Hibernia REIT has bought up two buildings and a site near Dublin Castle for €16m today.

The company also said today that it expects Dublin rents to continue to rise.

Hibernia said it has raised €385m to date while €223m has been invested in five acquisitions.

Kevin Nowlan, chief executive officer, WK Nowlan REIT Management, said:  “Looking ahead, we expect continued growth in rents and capital values in our target markets. "Given our contacts and knowledge of the Dublin market, we are confident in our ability to continue to find attractive investment opportunities."

The company has bought The Chancery Building, The Chancery Apartments and the adjoining Napper Tandy Site on Chancery Lane, Dublin 8 for €16m.

 

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