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Jan 8 2020, 12:20 GMT
REITs
Re-acceleration in Dublin office take-up bodes well for 2020
- Sectors : REITs
- Companies : Hibernia REIT | IRES REIT
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Hammerson plc | OUTPERFORM | 20/07/17 | N/A | N/A | 301p |
| Hibernia REIT | OUTPERFORM | 11/11/14 | N/A | N/A | 143c |
| IRES REIT | OUTPERFORM | 08/05/15 | N/A | N/A | 159c |
DAVY VIEW
There was a material uptick in tenant demand for Dublin office space during Q4 2019 following some softness earlier in the year. This has driven the vacancy rate to a record low. At the same time, outstanding requirements for space have increased to a record high – creating upward pressure in the market for 2020.
