Property investor to raise €350m

A new Ireland-based property investment firm is to raise around €350m from a dual share listing in Dublin and London and begin establishing a portfolio next year.

Hibernia REIT will become the second real estate investment trust to float in Dublin, following Green REIT’s move in the summer.

The company will be led by a management team of former Nama executive Kevin Nowlan and his father, Bill, of property advisory WK Nowlan, as well as US-based Irish property investor, Frank Kenny.