Hibernia sees portfolio value rise 4% and confirms Hubspot pre-let

Hibernia 1 Sir John Rogerson’s Quay

Irish property investment group Hibernia REIT has reported a 3.9% rise in portfolio value to €1.33bn in half-year results to the end of September, buoyed by recent land acquisitions and office lettings.

The land owned by the IRFU was planned for use in its Rugby World Cup 2023 bid but is currently zoned for agricultural use. Hibernia chief investment officer Richard Ball has said the developer will target re-zoning to coincide with new South Dublin County Council development plan in 2022 and described the site as “an ideal candidate for mixed-use development, including a large element of infill residential”.

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