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Commercial Property Investment in Ireland
Hibernian Investment Managers run a property portfolio of over €420m(€330m), including €380m (€300m) in direct
property in Ireland.
Among the properties owned are prime offices in Dublin, Cork, Limerick and Galway, retail units in Grafton Street, Henry Street
and Mary Street, Dublin, and Patrick Street, Cork, and industrial premises in Sandyford and Jallaght. Tenants include Bank of
Ireland, the Office of Public works, the ESB, Brown Thomas, HMV, Elan Corporation plc, the IDA and Trinity Biotech plc.
Hibernian Investment Managers' Property Strategy in Ireland
Hibernian Investment Managers continue to favour investment in property, both for the returns available, and because of its
attractions as a defensive investment asset. The fund managers are continuing to target further opportunities to enhance
the portfolio.
The Hibernian Irish Property Fund has investments across the main commercial property sectors-office, retail and industrial. For
liquidity purposes it also holds cash and indirect property-related assets. The fund managers are continuing to target further
investments to enhance the portfolio.
Commentary and Outlook
The Irish property market continues to perform very well, supported by the fundamentals of econornic growth, strong demand, and
under-supply in the key sectors. We anticipate total returns averaging over 10% per annum for the next three years.
The Hibernian Life & Pensions Irish Property Fund will invest into an Irish Property Unit Trust
Sector split:-
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Life Insurance
