Hibernia Reit eyes co-working market with office deal

Property company agrees income-sharing deal with Iconic Offices

2nd February, 2017
Hibernia Reit CEO Kevin Nowlan and Joe McGinley, CEO, Iconic Offices. Pic: Conor McCabe Photographynts.ie

Property investment group Hibernia Reit has announced an income-sharing partnership with a company which specialises in providing flexible workspace.

The five-year deal with Iconic Offices covers the establishment of a serviced office and co-working business over three floors of Block 1 Clanwilliam Court in Dublin 2.

Hibernia says the deal will reduce vacancy levels in Clanwilliam Court, which it acquired last year, to below 2...

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