Hibernia REIT PLC Leasing Update (9315E)
May 12 2017 - 1:00AM
UK Regulatory
TIDMHBRN
RNS Number : 9315E
Hibernia REIT PLC
12 May 2017
Leasing update
Hibernia REIT plc ("Hibernia") announces two further pre-leases
of 21,500 sq. ft. currently under refurbishment in Two Dockland
Central and an update on its recently formed serviced office
partnership in Clanwilliam Court.
HubSpot has extended its 16,000 sq. ft. pre-let in Two Dockland
Central announced in February 2017 to 32,000 sq. ft. on the same
terms (i.e. initial rent of EUR52.50 per sq. ft. and a 19 year
lease expected to commence in August 2017): HubSpot already
occupies 27,500 sq. ft. in the adjoining One Dockland Central. In
addition, ENI, a subsidiary of the listed energy company, has
pre-let 5,500 sq. ft. at an initial rent of EUR55 per sq. ft. on a
20 year lease expected to commence in September 2017. Works to
refurbish Two Dockland Central and all its common areas to Grade A
standard are due to complete in late 2017: following these latest
lease agreements c. 75% of the 73,000 sq. ft. building is let.
Hibernia's serviced office partnership with Iconic Offices in
Block 1, Clanwilliam Court commenced trading in April 2017. As at
the end of April over 75% of the workstations in the 21,000 sq. ft.
space and over 50% of the available co-working memberships were
contracted, significantly ahead of projections.
Frank O'Neill, Chief Operations Officer of Hibernia, said:
"We are delighted to have leased a further 21,500 sq. ft. in Two
Dockland Central to HubSpot and ENI. The building is now around 75%
let, well in advance of the expected completion of the
refurbishment works in late 2017.
"The serviced office partnership with Iconic in Clanwilliam
Court has got off to a strong start, underlining the quality of the
offering and the demand for flexible workspace."
ENDS
Contacts:
Hibernia REIT plc +353 1 536 9100
Frank O'Neill, Chief Operations Officer
Tom Edwards-Moss, Chief Financial Officer
Murray Consultants
Doug Keatinge: +353 86 037 4163,
dkeatinge@murrayconsultants.ie
Jill Farrelly: +353 87 738 6608,
jfarrelly@murrayconsultants.ie
About Hibernia REIT plc
Hibernia REIT plc is an Irish Real Estate Investment Trust
("REIT"), listed on the Irish and London Stock Exchanges, which
owns and develops Irish property. All of Hibernia's portfolio of
properties is in Dublin and it specialises in city centre
offices.
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDUAANRBNAVAAR
(END) Dow Jones Newswires
May 12, 2017 02:00 ET (06:00 GMT)
Hibernia Reit P.l.c (LSE:HBRN)
Historical Stock Chart
From Apr 2024 to May 2024
Hibernia Reit P.l.c (LSE:HBRN)
Historical Stock Chart
From May 2023 to May 2024