Hibernia Reit acquires 0.75 acre freehold site in Dublin’s South Docks
Property investment company Hibernia Reit has exchanged contracts to acquire a 0.75 acre freehold site at 1-6 Sir John Rogerson’s Quay, Dublin 2 for € 17.75 million in an off-market transaction.
Hibernia Reit acquires Forum building in IFSC
Hibernia REIT has announced a deal to buy The Forum building in Dublin’s IFSC from an affiliate of Atlas Capital Group for a price of €37.8m in an off-market transaction.
SCSI calls for extension of Home Renovation Scheme to Commercial
The Society of Chartered Surveyors of Ireland (SCSI) has called for an extension of Home Renovation Scheme (HRI) to Commercial Properties following a survey which was carried out.
The survey also shows a 5th of commercial property owners applied for a rent reduction in the last year, of those that applied 42% achieved a reduction of up to 10%.
KPMG prepares fresh sales process for IBRC’s unsold projects
KPMG has repackaged all €2.4bn unsold IBRC non-performing loans (NPL) in three separate portfolios, dubbed projects Amber, Quartz and Pearl, in a set of fresh blind auction processes which are targeted for staggered closures before the year end.
REIT acquires €130m credit facility with Barclays
Property investment company Irish Residential Properties REIT plc (Ires Reit) has entered into a two year € 130 million credit facility arranged by Barclays Ireland, secured against the company’s assets, which will allow the company to grow and achieve its investment goals.
Irish Exports: Recovery in 2014 taking hold
Trade data for the first five months of 2014 show that exports volumes grew by 4.3% on the same period in 2013. Indicators suggest that the Irish manufacturing sector has benefited from stronger external demand, particularly from the UK.
