Hibernia boss says Reits need €500m to be viable

Kevin Nowlan

Property players eyeing a public flotation should aim for valuations of at least half a billion euro to attract investors, the chief executive of Hibernia Reit has said.

Kevin Nowlan, who leads the publicly quoted investor, was among the first to bet on a recovery in Irish property values through a flotation on stock markets when he raised €365 million for Hibernia in 2013.

“My view would be that you need to be ...