Property players eyeing a public flotation should aim for valuations of at least half a billion euro to attract investors, the chief executive of Hibernia Reit has said.
Kevin Nowlan, who leads the publicly quoted investor, was among the first to bet on a recovery in Irish property values through a flotation on stock markets when he raised €365 million for Hibernia in 2013.
“My view would be that you need to be over €500 million....
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