LONDON (Alliance News) - Hibernia REIT PLC Thursday said it is in talks to acquire Cumberland House, a seven storey 112,000 square feet office building located close to Merrion Square.
Merrion Square is a garden square on the southside of Dublin city centre. It is considered one of the city's finest surviving Georgian squares.
Hibernia said there can be no certainty that a deal to acquire Cumberland House will be completed.
Earlier this week, the Ireland-focused property investor said it has now invested over 90% of the funds raised at its EUR385 million initial public offering in December.
Most recently, the company acquired Guild House and Commerzbank House in central Dublin for EUR90.8 million in cash from a syndicate of private investors in an off-market transaction. Following this acquisition, Hibernia said EUR336 million has been invested since its IPO.
Hibernia REIT shares were quoted flat at EUR1.093 Thursday morning.
By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews
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