Business Irish

Thursday 22 March 2018

City-centre Aldi to be snapped up by investor

A PRIVATE international investor is believed to have agreed a deal to buy the Aldi discount store on Parnell St, Dublin 1. The agents, Savills, declined to comment on the deal. It was brought to the market in September 2010 by receiver Kieran Wallace of KPMG. At the time the quoted price was €5.25m.

The deal is believed to have been agreed before the recent Budget. Stretching to 1,115sqm, the store was the first Aldi in Ireland. It currently has 11 years left on its lease.

The premises is located in a separate and unrelated development to the rear of the Ilac shopping centre and close to the entrance to Ilac's Parnell St entrance as well as the entrance to the Ilac car park.

It is also just around the corner from the busy shopping precincts of Henry St, Mary St Capel St and Moore St.

Irish Independent

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