Pre-let of two floors at 1 Windmill Lane
Hibernia REIT plc (“Hibernia”) announces that it has pre-let two floors in its 1 Windmill Lane
development (“1WML”) to Informatica Ireland EMEA Unlimited Company (“Informatica”), part of the
Informatica Group, a global leader in data integration services headquartered in the United States.
Informatica will occupy the fourth and fifth floors of 1WML, totalling 35,000 sq. ft., and 10 car parking
spaces on a 17 year lease, with 12 years term certain. It will pay initial rent of €2.1m per annum,
including annual contributions to the reception and Townhall areas (€2.0m per annum excl. car
parking), and will receive six months rent free from practical completion, which is expected in mid2017.
1WML totals 122,000 sq. ft. of offices, 7,000 sq. ft. of retail and 14 residential units under development
on a one acre site and is one of five adjacent properties (including SOBO Works) which Hibernia owns
in the SOBO District of Dublin’s South Docks, comprising over 370,000 sq. ft. of office space either inplace or under construction.
Mark Pollard, Hibernia’s Director of Development, said:
“We are delighted to have agreed terms with Informatica and look forward to welcoming them to
1WML. The building, which has been designed for multi-let use, continues to make good progress
towards expected practical completion in mid-2017, well ahead of original guidance. With the
structure now fully enclosed and interior works underway, the quality of the space being delivered is
becoming clear, with the stand-out features being the reception and Townhall areas, which are
unusual in their scale and flexibility and are attracting positive feedback. Discussions are on-going
with a number of other potential tenants.”
ENDS
Contacts:
Hibernia REIT plc +353 1 536 9100
Mark Pollard, Director of Development
Tom Edwards-Moss, Chief Financial Officer
Murray Consultants
Doug Keatinge: +353 86 037 4163, [email protected]
Jill Farrelly: +353 87 738 6608, [email protected]
About Hibernia REIT plc
Hibernia REIT plc is a Dublin-focused Real Estate Investment Trust ("REIT"), listed on the Irish and
London Stock Exchanges, which owns and develops Irish property. All of Hibernia’s portfolio of
properties is in Dublin and it specialises in city centre offices.