Thursday June 4, 2020

Hibernia boss says Reits need €500m to be viable

27th May, 2018
Kevin Nowlan

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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