Hibernia REIT plc ('Hibernia' or the 'Company') announces that it has exercised its option to take direct ownership of Hardwicke House and Montague House, Dublin 2, for a net payment of €41.8m (excluding costs). Hibernia initially acquired an interest in the buildings via secured loans for €18.2m in May 2014, with an option to take full ownership at any time up to mid-2016: the exercise of the option brings the total consideration paid to €60m excluding costs (c. €64m including costs, equivalent to €725 per sq. ft. ).

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Hibernia REIT plc issued this content on 22 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 January 2016 17:47:56 UTC

Original Document: http://www.hiberniareit.com/news/news-2016/news-item1.aspx