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REIT ready for debut

DUBLIN'S stock exchange will soon see the latest property investment firm, or REIT, make its debut.

The Hibernia REIT is seeking to raise €350m from investors to target commercial property acquisitions around the capital.

Real estate investment trusts, or REITs, are property investment vehicles that offer tax advantages to investors. Legislation was brought in earlier this year to allow REITS to be set up here.