Property fund buys Dublin office block Central Quay for €51m

Further signs of property sector momentum were evident yesterday, with the country’s main two publicly quoted property investment funds reporting strong financial and operational progress.

Hibernia Reit announced the €51.3m purchase of Central Quay, a modern office building in Dublin’s docklands.

Only completed in 2007, the block covers 57,700 sq ft over six floors, with 26 car parking spaces and is 88% occupied.