The Blanchardstown shopping centre is being put up for sale with a price tag of €725 million.
The centre, which is Ireland's largest shopping destination, was acquired by current owners Goldman Sachs in a €750 million deal in December 2020. It was bought as part of a package that included two retail parks, external retail units and a five-storey office block.
Major tenants in the centre includes Penneys and Marks & Spencer, with a Nike concept store recently opening at the centre. There are 180 stores throughout the property.
The Irish Times reports that Goldman Sachs have appointed real estate investment bank Eastdil Secured and CBRE to lead the sale. The guide price for the centre is between €650 and €725 million.
Read more: Plans for over 800 apartments in Fairview lodged with Dublin City Council
Back in January planning permission was secured for a 971 apartment development beside the centre at the white car park. The development will cost around €450 million.
The development will go as high as sixteen storeys and was met with concern by businesses within the centre's retail park. There will be seven blocks within the scheme.
Read next:
Expert gives six tips for keeping your pet safe during summer heat
Striking heron rescued by DSPCA after being found injured in Crumlin
Join our new WhatsApp community! Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don’t like our community, you can check out any time you like. If you’re curious, you can read our Privacy Notice.
Sign up to the Dublin Live Newsletter to get all the latest Dublin news straight to your inbox.
