Property deals offer proof sector is rebounding

Hibernia REIT and IPUT plc both concluded residential and commercial property deals as activity ramps up to take advantage of a recovering market.

Hibernia REIT has signed a contract with JJ Rhatigan & Company for the fit-out and completion of Hibernia’s 213 partially completed apartments in Block 3.

Hibernia said the cost to complete the apartment block is expected to be less than €25m. The first apartments will be available to let by mid-2015 and the project will be fully completed by the end of 2015.