Hibernia REIT to buy IFSC building for €47m

Listed Irish property investment trust Hibernia REIT is to acquire New Century House in Dublin’s International Financial Services Centre (IFSC) for €47 million.

11th March, 2014

Listed Irish property investment trust Hibernia REIT is to acquire New Century House in Dublin’s International Financial Services Centre (IFSC) for €47 million.

The property is a six storey over basement Grade A office building with a net area of 80,000 sq. ft of office space and subject to a long term tenancy agreement with Bank of Ireland Group. The acquisition will be financed from existing cash resources, said Hibernia in a statement.

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