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Ireland : HIBERNIA REIT inks new 100 MILLION loan facility with BANK OF IRELAND CORPORATE BANKING

August 12, 2014



Real Estate Investment Trust (REIT) Hibernia declared that it has inked a new 100m loan facility with Bank of Ireland Corporate Banking.

This new facility leaves Hibernia with 140m to invest in Irish property in addition to 40m in funds committed by shareholders.

Real Estate Investment Trusts are stock-market listed companies which allow their shareholders to invest in a portfolio of property in a tax-efficient manner.

Tom Edwards-Moss, chief financial officer of WK Nowlan REIT Management Limited, Hibernia's Investment Manager said, We are very pleased to have entered our first corporate debt facility, which provides us with flexible funding at attractive rates with which to invest in and grow our portfolio.


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Source: TendersInfo (India)


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