Monday 21 May 2018

Portfolio of retail properties hit the market seeking €80m

Peter Flanagan

Peter Flanagan

Savills is guiding €80m for what it has named the "SV4 Supermarket Collection which features three supermarket and shopping centre assets in Dublin and one in Waterford.

The collection is being sold on behalf of Starwood Capital, Catalyst Capital and Key Capital which acquired the loans associated with the four supermarket assets as part of Project Aspen, which was the first major Nama loan portfolio sale in Ireland.

Three of the four assets are located in Dublin. These include Lucan Shopping Centre which is being offered at a guide price in excess of €40m representing a net initial yield of 6.45pc and SuperValu schemes in Ranelagh and Rathgar, which are being offered at a guide price in excess of €12m each.

The collection also incorporates Kilbarry Shopping Centre in Waterford, where SuperValu have their main presence within the city. This is being offered at a guide price of €16m.

The collection is being offered for sale by private treaty in individual or collective lots.

Indo Business

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