Hibernia Reit pays €41.8m to take direct ownership of two D2 offices

Initially acquired an interest in the buildings in May 2014

Montague House, Dublin 2
Hardwicke House, Dublin 2

Hibernia Reit has has exercised its option to take direct ownership of Hardwicke House and Montague House in Dublin 2 for a net payment of €41.8 million (excluding costs).

The real estate trust initially acquired an interest in the buildings via secured loans for €18.2 million in May 2014 with an option to ...