European Retail Park Investment

European Retail Park Investment

European Retail Park Investment

One of the largest European Retail Park Investment transactions in 2015 took place recently as five retail parks were sold for in excess of €175 million.

The five European retail parks, in this case all located in Ireland, account for over 1.1 million sq. ft. (just over 102,200 sq. m.) of retail space around the country. These European shopping centres were purchased by global investment firm Davidson Kempner.

There was both domestic and international interest in the properties with the bids total exceeding €1.22 billion according to the sales agents.

The five European Retail Park Investments sold in this transaction were Nutgrove Retail Park, Rathfarnham in Dublin; Tullamore Retail Park, Co. Offaly (midlands); Deerpark Shopping Park, Killarney, Co. Kerry (south-west); Sligo Retail Park, Sligo Town, Co. Sligo (west) and Letterkenny Retail Park, Co. Donegal (north-west).

Interest in Irish retail investments has been growing as investors observe retail rents and consumer sentiment both rising significantly in the country over the past couple of years.

European Retail Park Investment

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