20 May 2014
Hibernia REIT PLC Preliminary Results
For the period from 13 August 2013 (date of incorporation) to 31 March 2014
Hibernia REIT plc
20 May 2014
Preliminary announcement of results
Hibernia REIT plc (“Hibernia” or the “Company”) announces results for the period from incorporation on 13 August 2013 to 31 March 2014.
HIGHLIGHTS
- €385m raised (€372m net of expenses) in successful initial public offering on the Irish and London Stock Exchanges in December 2013
- €223m of equity invested and committed to date in 5 acquisitions, representing 60% of net IPO proceeds
- 4 of the 5 acquisitions to date undertaken off-market, with 3 of the 5 acquisitions made through loan purchases
- Investment Manager team built out with four new hires, bringing
- Three further hires in pipeline: CFO appointment imminent