Hibernia Reit eyes offices growth

Property firm Hibernia Reit said it has the resources to spend on growing its office holdings and may seek to expand its buy-to-let residential holdings.

It comes as analysts hailed the firm’s annual results in which it revealed that its 28 properties in Dublin were worth almost €1.17bn. The shares rose 2.5%.

The company, whose tenants include government agencies, Twitter, Bank of Ireland, and Bank of New York Mellon, is completing a number of development projects in Dublin.