Hibernia Real Estate Investment Trust has secured planning permission for the second phase of an office block development in central Dublin at Harcourt Square.
Hibernia REIT said it now has full planning permission for up to 276,500 square feet of new offices and ancillary accommodation on the 1.9 acre site.
This comes at a time when prime office space is in tight supply in Dublin city centre.
"This is an important step in our plans to deliver nearly 280,000 square feet of new offices in a prime central Dublin location, just two minutes’ walk from St Stephen’s Green," commented Kevin Nowlan, Hibernia's CEO.
A REIT is a tax efficient publicly quoted investment vehicle for commercial property.
