Hibernia REIT agrees €100m BoI credit facility

Hibernia REIT has agreed a €100 million, three-year revolving credit facility with Bank of Ireland.

The deal — Hibernia’s first corporate debt facility — effectively raises its purchase capability to around €140m as it looks to further enhance its Dublin-based commercial property portfolio.

The company — one of the new breed of property investment funds to have floated in the past year — said at its AGM in Dublin last month that it was talking with a number of potential lenders.