Hibernia Reit founder sells part of stake for more than €5 million

Hibernia Reit founder sells part  of stake for more than €5 million
Kevin Nowlan of Hibernia Reit

Kevin Nowlan shows that Nowlan sold more than 3.4 million shares in the company at €1.50 each

Kevin Nowlan, the co-founder and chief executive of property investment company Hibernia Reit, has cashed in part of his stake in the business for more than €5 million.

A regulatory filing by Hibernia to the stock exchange last week shows that Nowlan sold more than 3.4 million shares in the company at €1.50 each. Even after the share sale he holds more than 5 million shares in Hibernia, worth more than €7 million based on the...

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