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Hibernia to acquire Cumberland House in Dublin 2 for €49m
Hibernia REIT plc has exchanged contracts to acquire Cumberland House, Dublin 2, from Morretino Limited (Morretino) for €49m. As part of this transaction the €38m short term secured loan provided by Hibernia to Morretino in August 2014 is being repaid along with c. €1m of accrued interest.
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