The Square Tallaght has come on the market, with the joint selling agents Cushman & Wakefield and JLL quoting in excess of €233 million.
The 27-year-old shopping centre is currently producing a rental income of €13.98 million, which will provide the next owners with a return of 5.75%.
The sale will include 118 of the 160 shop units, as well as a cinema with 13 digital screens. It will also include more than 2,400 car spaces, reports Irishtimes.ie
Kevin Donohue of Cushman & Wakefield and John Moran of JLL said the sale provides an investment group with an opportunity to control one of Dublin’s largest regional shopping centres.
The Square Tallaght, which registered in the region of 22 million visitors in 2016, currently features Dunnes Stores as its anchor tenant, alongside Tesco, Debenhams and Heatons.
© 2017 - Checkout Magazine by Donna Ahern