Woah! These 5 Irish shopping parks were just bought for €175 MILLION

Well, someone went a bit wild with their shopping! The record for the biggest sale of retail space in Ireland has just been crushed after the five retail parks have been sold for more than €175m. 

In total, over 1.1 million sq. ft of retail space has been snapped up by the investment firm Davidson Kempner. 

Savill estate agents said that there was both domestic and international interest in the properties, and some bids exceeded €1.22 billion. 

The five properties sold are:

Nutgrove Retail Park, Rathfarnham, Dublin

The well-known South Dublin retail park is fully-let and sits just across from the popular Nutgrove Shopping Centre. The individual price for the park stands at €62m, the largest amount out of the five. 

 

Tullamore Retail Park, Offaly

This retail park in Offaly sits just five minutes from Tullamore town and is a favoured spot in the midlands. 

 

Deerpark Shopping Park, Killarney, Kerry

This is one of the few parks in Ireland that offer open retail use (the occupier is significantly more mixed than other retail parks) and sits on 140,000 sq. ft. 

 

Sligo Retail Park

Sligo Retail Park sits on 260,000 sq. ft of land and consists of 18 occupied units which include Homebase and Halfords. 

 

Letterkenny Retail Park, Donegal

This park is the largest of the five  at 380,000 sq. ft and consists of a massive 38 retail units.