Hibernia REIT PLC Pre-let of two floors at 1 Windmill Lane (0980B)
31 March 2017 - 5:01PM
UK Regulatory
TIDMHBRN
RNS Number : 0980B
Hibernia REIT PLC
31 March 2017
Pre-let of two floors at 1 Windmill Lane
Hibernia REIT plc ("Hibernia") announces that it has pre-let two
floors in its 1 Windmill Lane development ("1WML") to Informatica
Ireland EMEA Unlimited Company ("Informatica"), part of the
Informatica Group, a global leader in data integration services
headquartered in the United States.
Informatica will occupy the fourth and fifth floors of 1WML,
totalling 35,000 sq. ft., and 10 car parking spaces on a 17 year
lease, with 12 years term certain. It will pay initial rent of
EUR2.1m per annum, including annual contributions to the reception
and Townhall areas (EUR2.0m per annum excl. car parking), and will
receive six months rent free from practical completion, which is
expected in mid-2017.
1WML totals 122,000 sq. ft. of offices, 7,000 sq. ft. of retail
and 14 residential units under development on a one acre site and
is one of five adjacent properties (including SOBO Works) which
Hibernia owns in the SOBO District of Dublin's South Docks,
comprising over 370,000 sq. ft. of office space either in-place or
under construction.
Mark Pollard, Hibernia's Director of Development, said:
"We are delighted to have agreed terms with Informatica and look
forward to welcoming them to 1WML. The building, which has been
designed for multi-let use, continues to make good progress towards
expected practical completion in mid-2017, well ahead of original
guidance. With the structure now fully enclosed and interior works
underway, the quality of the space being delivered is becoming
clear, with the stand-out features being the reception and Townhall
areas, which are unusual in their scale and flexibility and are
attracting positive feedback. Discussions are on-going with a
number of other potential tenants."
ENDS
Contacts:
Hibernia REIT plc +353 1 536 9100
Mark Pollard, Director of Development
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 a Dublin-focused 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
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