Dublin office giant upbeat despite stamp duty hike
Hibernia Reit says budget increase would have knocked more than €50m off value of its property portfolio
Property investment group Hibernia Reit became one of the first companies to give concrete figures on the potential effects of the move when it released first-half results this morning.
The company – which is mainly focused on the central Dublin office market - estimated that the increase would have knocked €53.7m, or 4.2 per cent, off the value of its portfolio had it been in place on September 30.
But Hibernia appears relatively sanguine on the...
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