30th Jul 2015 09:35
LONDON (Alliance News) - Hibernia REIT PLC on Thursday said it has made progress on its portfolio in the first quarter of its financial year.
The Irish property developer said it has made progress on the refurbishment programme of its Block 3 property, completed the Wyckham Point site ahead of schedule and said preparatory works are ongoing at its Windmill Lane and Sir John Rogerson's Quay properties.
"We have made a good start to the financial year, with significant progress across our development and refurbishment projects: our residential scheme at Wyckham Point is now completed, well ahead of schedule, and we are on course to deliver significant new city centre office space in Dublin over the coming 36 months," said Kevin Nowlan, the chief executive of WK Nowlan REIT Management Ltd, the investment manager for the trust.
Hibernia shares were up 0.4% to EUR1.30 on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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