Hibernia to launch second Irish REIT as market stabilises

Newswire

By Padraic Halpin DUBLIN, Nov 28 (Reuters) - Ireland's Hibernia REIT plans to raise 350 million euros ($475 million) in an initial public offering, making it the second real estate investment trust (REIT) to launch in the country's stabilising property market. It follows Green REIT into the newly legislated sector and plans to build a portfolio consisting mainly of commercial property - principally Dublin office space - that would provide annual shareholder ...

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