Hibernia REIT raises capital through IPO

Goodbody acted as Irish sponsor and joint bookrunner for the IPO on Dublin and London stock exchanges.

Hibernia REIT is an investment vehicle created to purchase and manage Irish commercial real estate assets. Hibernia is predominantly focused on institutional quality, well located, income producing commercial property in the Dublin area. It is focussed predominantly on commercial office assets but has also acquired a number of residential projects. Hibernia is also developing a number of office buildings in the South Docks area of Dublin close to the Silicon Docks popular with a number of ICT companies.

Kevin Nowlan, chief executive officer of Nowlan Property REIT Management Limited, investment manager to Hibernia REIT, added: "The level of funds we have raised will allow Hibernia to create a property portfolio of scale and quality. We see unique opportunities to invest and look forward to creating a portfolio of assets capable of delivering attractive, sustainable earnings for our new investors."

 

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