Hibernia Real Estate Group

What Hibernia Real Estate Group does

Hibernia Real Estate Group is a Dublin-focused commercial and residential property owner-developer operating one of Ireland's largest Grade A office portfolios under a cluster-based strategy. Originally incorporated in August 2013 as Hibernia REIT plc and listed on the Irish and London Stock Exchanges via a €385m IPO in December 2013, the company built a portfolio through aggressive 2014-2016 acquisition activity (€500m+ deployed across 15+ Dublin assets including Cumberland House, Observatory Building, Guild/Commerzbank Houses, Harcourt Square, and Central Quay). It internalized its management team in November 2015 and was acquired by Brookfield in 2022, ceasing public trading.

The company organizes its Dublin office assets into three strategic clusters — Windmill Quarter (South Docks), Harcourt Square (Georgian district, 345,000 sq. ft. completing early 2026), and Clanwilliam Quarter (270,000+ sq. ft. expected 2028) — and provides in-house building management, curated amenities, and flexible lease terms to enterprise occupiers. The portfolio includes named anchor tenants across financial services (KPMG, BNY Mellon, Invesco), technology (HubSpot, Twitter, Riot Games, Indeed), legal (Eversheds), and advertising (Publicis), with several on long-duration 20-year leases. Residential holdings at Wyckham Point (213 units, completed 2015) and Dundrum View (80 units) provide a smaller recurring income stream. The full managed portfolio is 100% LEED certified and WELL Health-Safety Rated, holds 4 consecutive years of GRESB Five Green Stars, and operates under a net-zero-by-2030 commitment formalized in the September 2025 "Transforming Dublin Responsibly" ESG strategy.

Revenue mechanics are traditional commercial real estate: annual rental income from Grade A office leases (negotiated per-tenant, with flexible duration and fit-out) supplemented by residential rents. The company employs 11-50 people, headquartered at 1WML Windmill Lane, Dublin D02 F206. Effective 1 January 2026, Edwina Governey (previously CIO since 2019) succeeded Tom Edwards-Moss as CEO, with Michael Griffith appointed CIO — a clean internal succession within Brookfield ownership.

Name

Hibernia Real Estate Group

Legal name

Hibernia Real Estate Group Limited

Website

https://hiberniareg.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Hibernia Real Estate Group is a Dublin-based commercial property owner-developer operating one of Ireland's largest Grade A office portfolios via three strategic clusters (Windmill Quarter, Harcourt Square, Clanwilliam Quarter), serving enterprise tenants across financial services, technology, and professional services under Brookfield ownership.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Nonresidential Property Managers (531312), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Rental and Leasing Services (532), Lessors of Residential Buildings and Dwellings (53111)

SIC

Real Estate Operators (No Developers) & Lessors (6510), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

akta.pro secondary industries

Office Property Management (BPAJAGAA), Office Tenant Representation (BPAJALAA)

Keywords

• Commercial real estate
• Office leasing
• Property development
• Building management
• Sustainable property

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Commercial Office Leasing: Rental income from leasing Grade A office space across Dublin portfolio including 1SJRQ (119k sq. ft.), 1WML (132k sq. ft.), 2 Cumberland (58k sq. ft.), and multiple other properties. Properties offer flexible lease duration and fit-out options based on tenant requirements.
2. Residential Leasing: Rental income from residential units at Wyckham Point (213 apartments completed 2015) and Dundrum View (80 units). Properties fully let generating stable recurring income.
3. Development Projects: Development of new office clusters including Harcourt Square (345,000 sq. ft., completion early 2026) and Clanwilliam Quarter (270,000 sq. ft., expected 2028) for future leasing income.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Hibernia Real Estate Group owns, develops, and manages a portfolio of Grade A commercial office space and residential rental properties concentrated in Dublin, Ireland. The company leases office space to enterprise tenants through direct engagement, supported by an in-house building management team, with a strategic focus on clustered building communities and LEED/WELL-certified sustainable workspaces. It also develops new office clusters (e.g., Harcourt Square and Clanwilliam Quarter) and operates a smaller residential rental portfolio.

Product overview

Hibernia Real Estate Group operates as a commercial real estate company owning and developing property with a focus on city centre offices and residential units in Dublin, Ireland. The company specializes in property clustering, creating interconnected building portfolios that enable better services and amenities for tenants. Their portfolio includes individual office properties (1SJRQ, 1WML, Cumberland Place, Montague House, Hardwicke House, Observatory, Portview House), retail units, and industrial/logistics facilities (Gateway Logistics Park). They organize properties into clusters including Windmill Quarter, Harcourt Square (345,000 sq. ft. development completing 2026), and Clanwilliam Quarter (270,000 sq. ft. development completing 2028). All properties are supported by an in-house building management team. The company is wholly owned by Brookfield and is pursuing ESG excellence with a commitment to net zero carbon operations by 2030.

Differentiator

Problem solved

Functional benefit

Brands

• Windmill Quarter: A cluster of office buildings owned by Hibernia in Dublin's South Docks area, including 1WML, 2WML, and surrounding developments.

Products and services

• Windmill Quarter Cluster An established cluster in Dublin's South Docks area combining multiple office buildings including 1WML and adjacent developments to create vibrant communities with strategic clustering, shared amenities, and in-house building management.
• Harcourt Square Cluster Development delivering approximately 345,000 sq. ft. of Grade A office space across two interconnecting buildings in Dublin's Georgian district, due for completion in early 2026. Majority pre-let to KPMG Ireland. Features include town hall, collaboration spaces, wellness/yoga room, gym, innovation hub, roof terraces, courtyards, and roof gardens. Targeting BER A2 and LEED Platinum certification.
• Clanwilliam Quarter Cluster Third cluster development delivering over 270,000 sq. ft. of Grade A offices across eight stories, expected completion 2028. Features include natural ventilation for energy efficiency, triple height social hub with capacity for 500+ seated or 1,000 standing, food and beverage services, and wellness/gym space. Targeting BER A2 and LEED Platinum certification.
• Commercial Office Leasing Portfolio Portfolio of Grade A office buildings across Dublin available for lease to enterprise tenants, including 1SJRQ (119,000 sq. ft.), 1WML (132,000 sq. ft.), 2 Cumberland Place (58,000 sq. ft.), Observatory Building (86,213 sq. ft.), Montague House, Hardwicke House, Portview House, 50 City Quay, and One Earlsfort Terrace. Flexible lease duration and fit-out options available with in-house building management support.
• Residential Leasing Portfolio Rental residential units at Wyckham Point (213 apartments completed 2015) and Dundrum View (80 units), fully let and generating stable recurring income. Apartments located near Luas Green Line and key employment centres.
• Gateway Logistics Park Industrial/logistics facility at Newlands Cross, Naas Road, Dublin 22, containing 178,000 sq. ft. of warehouse accommodation on a 14-acre site, with space available from 22,000 to 178,000 sq. ft. Available March 2026.
• In-House Building Management Service Proprietary in-house building management service providing direct service delivery to tenants across Hibernia's portfolio, enabling flexible lease duration and fit-out options, responsive building operations, and trusted long-term partnerships rather than transactional relationships.

Quantifiable outcome

• 65% recycling rate achieved for managed portfolio in 2024
• +4 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• KPMG IrelandcoreOthers · 21 December 2021Major pre-let tenant at Harcourt Square - majority of the 345,000 sq. ft. office development pre-let to KPMG Ireland, due to complete early 2026. This pre-commitment de-risks the development significantly.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• British Land: UK-listed commercial REIT with a £13bn portfolio of office, retail, and life sciences assets. Larger and more diversified, but a comparable public-market reference for prime-office owner-operators with sustainability mandates similar to Hibernia's net-zero-by-2030 commitment.
• Patrizia AG: European real estate investment manager with €50bn+ AUM across office, logistics, and residential assets. Comparable as a sustainability-focused institutional real estate operator with European office exposure, though broader in geography and product.
• Hammerson: FTSE 100 commercial REIT with extensive UK and Ireland prime office and retail assets. Operates at much larger scale than Hibernia but shares a focus on institutional-grade office space in premier city locations and provides a public-market benchmark for office REIT economics.
• DWS Group (Real Estate): Global asset manager with one of the largest European real estate investment platforms, including Dublin office exposure through RREEF. Comparable as a large institutional office investor and manager with similar sustainability-certified asset mandates.

Direct peers

• Starwood Capital Group: Hibernia's 50:50 JV partner in the Windmill Lane Partnership since 2015, and a leading global real estate investor. Operates overlapping Dublin office exposure through the WLP and wider portfolio; provides a useful comparability benchmark for institutional-grade office ownership.
• Bartra Capital: Dublin-based property developer active in office, residential, and healthcare developments. Comparable in scale and central Dublin focus; competes for similar off-market land, planning permissions, and pre-let tenants.
• Marlet Property Group: One of Ireland's largest residential and commercial property developers, headquartered in Dublin with comparable development pipelines. Both operate grade developments of office and residential product at scale in central Dublin and compete for institutional capital and tenant pre-lets.
• Irish Residential Properties REIT (I-RES): Ireland's largest private residential landlord, listed on the Euronext Dublin. Comparable as a Dublin-focused REIT under institutional ownership with multi-family assets (Wyckham Point and Dundrum View in Hibernia's portfolio), though I-RES is residential-only.
• Kennedy Wilson Europe Real Estate (Green REIT successor): Kennedy Wilson acquired Green REIT plc in 2018 and continues to own and operate a substantial Dublin commercial office portfolio. Direct peer: same Dublin office market, same long-term institutional ownership model, and overlapping tenant universe with Hibernia.

Emerging players

• Henderson Park: Pan-European real estate private equity firm with multi-strategy exposure including office. Comparable as an institutional, sustainability-focused office investor, though Henderson Park operates at a broader European scale rather than Dublin-concentrated.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HiberniaREG
• LinkedInlinkedin.com/company/hibernia-reit-plc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hibernia Real Estate Group