CBRE Ireland, one of the country’s largest commercial real estate services firm, is selling Ashleaf Shopping Centre in Crumlin, according to reports.
The shopping centre, which is anchored by Dunnes Stores, has a footfall of 4.5 million people and produces about €1.2 million in rent, as reported by Business World.
The quoting price for the centre is €10,750,000, which is for sale by Private Treaty.
Anticipating Keen Interest
It is reported that the new owner could redevelop the upper floors to create a residential scheme that complements the active retail environment.
The centre is currently home to tenants such as Specsavers, McDonalds and Lloyds Pharmacy and will reportedly benefit from active asset management.
The area is located 8 km southwest of the city centre, near many Dublin Bus routes, and stops on the Luas Red line.
It is reported that CBRE is anticipating a keen interest in the centre, which saw €3.79 billion worth of investments last year.
© 2019 Checkout – your source for the latest Irish retail news. Article by Libby Seline. Click subscribe to sign up for the Checkout print edition.