Hibernia shares fall over 3% following capital raising plan

Shares in property company Hibernia REIT fell more than 3 per cent this morning.

8th October, 2014
Hibernia has invested hundreds of millions of euro in commercial property in Dublin.

Shares in property company Hibernia REIT fell more than 3 per cent this morning.

The company yesterday announced that it would raise €300 million through a share placing.

Hibernia said in a statement yesterday that it had invested €398 million and committed a further €78m in connection with 13 transactions in the Irish property market since it was established in August of last year.

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