Tag Archives: Hibernia REIT

Hibernia converts Cumberland House bridge loan into direct ownership

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Hibernia REIT has completed the purchase of the largely vacant Cumberland House office block in Dublin city centre from Christopher Bennett Group for €49m, converting a €38m bridge loan extended last August to the legacy owner to facilitate the acquisition. The … Continue reading

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Hibernia REIT on target to raise €300m fresh capital

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Hibernia REIT has returned to the capital raising trail seeking a further €300m, as the Irish real estate trust continues to capitalise on continuing NAMA and bank de-leveraging to build upon its circa €500m predominantly Dublin property portfolio. Credit Suisse … Continue reading

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Hibernia funds €38m bridge loan to unlock Cumberland House purchase and refurbishment

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Hibernia REIT has extended the existing owners of Cumberland House, the Christopher Bennett Group, with a €38m six-month bridge loan to enable the sale of vacant office block in Dublin 2 to the Irish real estate investment trust ahead of … Continue reading

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Irish Life, Hibernia REIT and Lone Star carve up NAMA’s Redwood portfolio

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Irish Life, Hibernia REIT and Lone Star have carved up NAMA’s four-strong Redwood portfolio, for a combined price of around €213m which reflects a one-third increase on the initial asking price. The most prime asset within the portfolio, no. 2 … Continue reading

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Blackstone and Google split NAMA’s Platinum portfolio for €165m

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Blackstone and Google have split the spoils of NAMA’s four-strong Dublin office Platinum portfolio for a combined sale price of €165m, CoStar News can reveal. The two separate winners fended off second round offers from Hibernia REIT and Irish Life … Continue reading

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Battle for Dublin’s Central Park: Irish REITs each submit JV offers as bidders emerge

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Ireland’s two new REITs, Green and Hibernia, headline the list bidding for Dublin’s sprawling Central Park office, multi-family and development complex with separate joint venture partners after more than half a dozen investors submitted first round bids today. Green REIT … Continue reading

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Hibernia REIT raises €365m as Irish deal flow momentum builds

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Ireland’s second-ever real estate investment trust, Hibernia REIT, has raised €365m in its maiden capital raising from more than a dozen US and European institutional investors. Hibernia REIT, which takes its name from the classical Latin name for the island … Continue reading

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Ireland’s second REIT targets €350m with cornerstone investors committing one-third

Plans to raise as much as €350m for Ireland’s second real estate investment trust, Hibernia REIT, were finally lodged this morning with the investment management team, led by William Nowlan, seeking a larger maiden capital raising haul than Green REIT’s … Continue reading

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