Hibernia REIT has changed its name to Hibernia Real Estate Group Limited after its status as an Irish real estate investment trust ended following its acquisition by Canadian investor Brookfield.
Brookfield announced in March that it had agreed a deal for Hibernia REIT, valuing the company at €1.09 bn. The acquisition was completed on 17 June and the company’s shares have been delisted from Euronext Dublin and the London Stock Exchange.
Hibernia said that following the takeover, it will continue its focus on prime offices and redevelopment sites in central Dublin, with an emphasis on asset clustering and ESG excellence.
The company recently appointed Tom Edwards-Moss as chief executive, succeeding Kevin Nowlan, who remains part of the senior management team in his new role as senior adviser.
Said Edwards-Moss: ‘We have changed our name to Hibernia Real Estate Group Limited to reflect our new corporate structure after the acquisition by Brookfield.
‘Our focus on providing our customers with high-quality work environments with top-tier sustainability credentials is unchanged. We are also continuing to develop new office clusters, with our near-term priority being the major redevelopments of the Clanwilliam Quarter and Harcourt Square.’