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IN BRIEF: Hibernia sells Dublin offices 'The Forum' for EUR31 million
Hibernia REIT PLC - Dublin-based real estate investment trust - Exchanges contracts for sale of 'The Forum' property to an unnamed company controlled by Spear Street Capital for EUR30.8 million. This is in line with its carrying valuation as of last September. Expects transaction to complete in the second quarter. The Forum comprises two floors of 47,000 square feet of office space in Dublin.
"Following the disposal of Dockland Central late last year, the sale of the Forum will enable us to recycle further capital into the delivery of Harcourt Square and Clanwilliam, consistent with our strategic priorities of asset clustering and ESG excellence, as well as giving us capacity for future acquisition opportunities," says Chief Investment Officer Edwina Governey.
Current stock price: 101.20 pence, up 1.2% on Thursday
12-month change: up 1.5%
By Elizabeth Winter; elizabethwinter@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
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DIRECTOR DEALINGS SUMMARY: Softcat Non-Exec Sells GBP1.1 Million Worth
DIRECTOR DEALINGS SUMMARY: Softcat Non-Exec Sells GBP1.1 Million Worth
DIRECTOR DEALINGS: Hibernia REIT Says Three Directors Buy Shares
DIRECTOR DEALINGS: Hibernia REIT Says Three Directors Buy Shares
Hibernia REIT Lets Remaining Space At 2WML To Zalando Ireland
Hibernia REIT Lets Remaining Space At 2WML To Zalando Ireland
Hibernia lets remaining space at Dublin's 2WML to Zalando
(Sharecast News) - Hibernia REIT has let the remaining 47,500 square feet available at 2WML to Zalando Ireland, it announced on Tuesday, which is a su...
Hibernia REIT Continues To Make Investments Amid Pick-Up In Demand
Hibernia REIT Continues To Make Investments Amid Pick-Up In Demand
UK Earnings, Trading Statements Calendar - Next 7 Days
UK Earnings, Trading Statements Calendar - Next 7 Days
Hibernia REIT Strengthens Board With Irish Property Market Expert
Hibernia REIT Strengthens Board With Irish Property Market Expert
Hibernia REIT To Take Advantage Of Opportunities As Assets Improve
Hibernia REIT To Take Advantage Of Opportunities As Assets Improve
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