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Hibernia confirms ongoing Cumberland House discussions

Fri, 29/08/2014 - 06:00

Hibernia REIT has confirmed that it is still in exclusive discussions to acquire Cumberland House in Dublin.

The REIT has agreed to provide the owners with a short term loan of EUR38 million, which is fully secured on the property and has an interest rate of six per cent per annum.
 
Hibernia says it will make further announcements as appropriate.


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