Hibernia to buy Garda HQ for €70m

The garda headquarters building on Harcourt Street is to be acquired by Hibernia REIT in a €70m off-market purchase.

Hibernia, a property investment company, will buy the 1.9 acre site on Harcourt Square, Dublin 2. It is currently owned by Gangkhar PLC and let to the Office of Public Works for the use of the gardaí at a rate of €4.9 million a year - about €38 per square foot excluding parking.