Property fund eyes up more Dublin acquisitions

Publicly-owned property fund Hibernia REIT has said it sees significant further commercial and residential acquisition opportunities in Dublin, having already spent nearly 90% of the equity it raised in its December float.

The company told shareholders at its AGM in Dublin’s Marker Hotel yesterday that, since the beginning of April, it has completed eight acquisitions, at a combined cost of €267m.

The Dublin-focused fund has spent €336m since its IPO and it will look to borrow an estimated €175m through a new lending facility to fund what it sees as continued investment opportunities.