Hibernia REIT plc (“Hibernia”) announces that it has exchanged contracts to acquire Blocks 1, 2 & 5 Clanwilliam Court, Dublin 2, for €51m.
Blocks 1, 2 & 5 are three 1970s office buildings totalling 93,700 sq ft arranged over five to six floors above a double basement with 220 underground car parking spaces. The buildings occupy a prominent position on the corner of Mount Street Lower and Clanwilliam Place in Dublin’s central business district, a short walk from Merrion Square and Grand Canal Dock railway station.
Following the acquisition of Marine House in March 2016 for €26.5m, Hibernia now owns four contiguous blocks (totalling over 134,000 sq ft of office accommodation) of the seven blocks that comprise Clanwilliam Court (six office, one residential).