Square office development. That will yield initial annual rent of €17 million when the 20-year lease commences in 2026.
Hibernia Reit said its in-place office portfolio totals 900,000 sq ft, with the vacancy rate increasing to 11 per cent, from 9 per cent at the end of September, due to the sale of the fully occupied Dockland Central. The majority of available space is in the Forum, Central Quay and 2 Cumberland Place.