13th Feb 2014 12:08
LONDON (Alliance News) - Newly listed property investor Hibernia REIT PLC Thursday said it is in a strong financial position and intends to target Dublin's office sector.
The Irish firm listed on the London Stock Exchange and the Irish Stock Exchange at the end of 2013, raising EUR385 million in gross funds.
Its strategy is to build a portfolio of attractively located, institutional quality, primarily income- producing properties, mainly in the Greater Dublin area.
Hibernia said it is currently evaluating a number of investment opportunities but intends to concentrate on the office sector. However it will also consider industrial, retail, warehousing and distribution, recreational, residential and other Irish property assets.
The stock was trading at 1.11 pence Thursday, down 0.1 pence or 0.9%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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