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Hibernia REIT acquires Nowlan Property Limited for €21.1m

Hibernia REIT has acquired its externally-owned investment management business, Nowlan Property Limited, for €21.1m, internalising the Irish REIT’s management team.
By James Wallace
November 5, 2015 | 1:49 P.M.

The acquisition, through the purchase of the company’s share capital, comprised a 8.3m cash payment and the issue of 10,933,826 new ordinary shares in Hibernia to Nowlan Property Limited shareholders.

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News | Hibernia REIT acquires Nowlan Property Limited for €21.1m