Hibernia Reit pays €41.8m to take direct ownership of two D2 offices

Initially acquired an interest in the buildings in May 2014

31st January, 2016
Montague House, Dublin 2

Hibernia Reit has has exercised its option to take direct ownership of Hardwicke House and Montague House in Dublin 2 for a net payment of €41.8 million (excluding costs).

The real estate trust initially acquired an interest in the buildings via secured loans for €18.2 million in May 2014 with an option to take full ownership at any time up to mid-2016.

By exercising the option, Hibernia has paid a total of €60 million for the properties...

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