8th Jul 2015 08:46
LONDON (Alliance News) - Irish property investor Hibernia REIT PLC on Wednesday said it has agreed a deal with FBD Holdings PLC for the early surrender of FBD's leasehold interest in Guild House, based in Dublin's International Financial Services Centre.
Hibernia will receive a cash payment of EUR8.8 million for the break in the leasehold agreement.
"We are pleased to have reached agreement with FBD over the early surrender of their lease in Guild House," said Kevin Nowlan, the chief executive officer of Hibernia's investment manager, WK Nowlan REIT Management Ltd.
Shares in Hibernia were trading down 0.4% Wednesday at EUR1.23.
By Sam Unsted; [email protected]; @SamUAtAlliance
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