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

16th November, 2017
Kevin Nowlan, chief executive of Hibernia Reit Pic: Feargal Ward

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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