Two Dockland Central in Dublin, which Hibernia REIT sold in 2021 to German investor Commerz Real AG. Photo: Gareth ByrneA subsidiary of global asset manager Brookfield is set to acquire property firm Hibernia Reit for just over €1bn. It’s the third real estate investment trust – after Green Reit and Yew Grove – set up since the financial crisis to be sold recently. Hibernia’s board agreed Friday to a cash offer by Benedict Real Estate Bidco, an Irish-incorporated subsidiary of Brookfield set up for the purpose of the sale. Brookfield is one of the world’s largest owners and operators of real estate with over $250bn of real estate assets globally.

Source: Irish Independent March 25, 2022 19:37 UTC