Hibernia REIT confirms two further leases

Hibernia REIT has confirmed two further pre-leases of 21,500 sq ft currently being refurbished in Two Dockland Central.

HubSpot had extended its 16,000 sq ft pre-let in Two Dockland Central announced in February 2017 to 32,000 sq ft on the same terms.

It already occupied 27,500 sq ft in the adjoining One Dockland Central.

In addition, ENI, a subsidiary of the listed energy company, had pre-let 5,500 sq ft at an initial rent of €55 per sq ft on a 20 year lease expected to commence in September 2017.

"Works to refurbish Two Dockland Central and all its common areas to Grade A standard are due to complete in late 2017," the company said.

Following these latest lease agreements, Hibernia REIT said about 75% of the 73,000 sq ft building was let.

Hibernia REIT added that its serviced office partnership with Iconic Offices in Block 1, Clanwilliam Court commenced trading in April 2017.

As at the end of April more than 75% of the workstations in the 21,000 sq ft space and more than 50% of the available co-working memberships were contracted, significantly ahead of projections.

At 14:51 BST, shares in Hibernia REIT were up 1.36% to 1.3p each.