Hibernia REIT sees demand increase in central Dublin

Publicly quoted property investment fund Hibernia REIT has said a number of companies have shown interest in the majority of vacant space remaining in its commercial property portfolio in central Dublin.

In a trading update published to coincide with its AGM yesterday, the company said the second quarter of the year saw “exceptionally high” office-leasing activity in Dublin, reducing office-vacancy rates to 6.5% overall and to 2% for grade A space.

“We are seeing good levels of tenant interest for the available space within our portfolio,” said Hibernia REIT chief executive Kevin Nowlan.