Property investment company Hibernia REIT says it continues to have access to €140m in cash and undrawn facilities to help fund its business.

In a trading statement the firm – which owns a large number of office blocks, the majority of which are in Dublin city centre – also said another 1m sq ft of office space was leased in Dublin in the second quarter with the vacancy rate now at 6.5%.

It also said its new developments on Dublin's Windmill Lane (1WML), Guild Street and St John Rogerson's Quay all remain on schedule for completion.

1WML is expected to be finished next month, with 29% of the building already pre-let to Informatica.

Hibernia REIT says discussions are ongoing with a number of parties over additional lettings there.

Two Dockland Central is now around 75% let following further pre-lets to HubSpot and ENI.

The company had net debt of €167m and cash and undrawn facilities of €277m at the end of June.

Hibernia CEO Kevin Nowlan said with "a well-capitalised balance sheet and a talented team we remain optimistic for the future".