Bank of Ireland announces new Head of Property Acquisitions

Bank of Ireland Private Banking today (Friday 15 September) announced that Peter Hewetson has been appointed Head of Property Acquisitions. Peter will be based in London.

Peter has 20 years experience in real estate acquisition in the UK, Europe and the US, including most recently, in PRICOA (part of Prudential Insurance) and Fortress Investment Group.

According to Peter Collins, Director of Property, Bank of Ireland Private Banking:

"We are delighted someone with Peter's experience in European acquisition has decided to join us. His role is to lead our acquisition team, focussing primarily on property in the UK and continental European markets. We have been very active and successful in Europe over the last 2 years, acquiring over €1bn of commercial property on behalf of clients in the UK, France, Belgium, Holland and Scandinavia. Peter's market knowledge and experience in Europe will enable us to leverage on that success to meet the increasing demands from clients for global property and will further add to the depth of talent in our team."

Bank of Ireland Private Banking also proposes to establish a base in London for its Property Acquisition business. This will be located in Queen Street in the centre of London's financial district.

"Our new London base will be of considerable benefit to our business in terms of information and deal flow and will facilitate the further growth of our overseas property acquisition team", added Peter Collins.

Ends

Note: A photograph of Peter Hewetson is available on request.

Note to Editors:

Recent deals conducted by the Bank of Ireland Private Banking Property team include the purchase of Stuten 12, an office building in Stockholm, the sale of Gallions Reach, a shopping centre in London, and the purchase of Victoria Quarter, an upscale shopping arcade in Leeds.

Contact:

Anne Mathews
Media Relations Manager
Tel:604 3836 or 087 246 0358

Tess Shaw
Private Banking
Tel:01 637 8835 or 087 662 3270