Roches offload prime Frascati Centre site in €65m deal

5th July, 2015
The Frascati Centre in Blackrock, Co Dublin. Picture: Maura Hickey ddeafCentrCentrassetxxxxxxxxxxxxxxxxxx

The Roche family, one of Ireland’s oldest-established former retail names, has agreed to sell the Frascati Centre in Dublin’s Blackrock for some €65 million.

The shopping centre and surrounding lands are being sold to a real estate and mortgage fund subsidiary of Invesco.

After over a century in retail, the family sold its Roches Stores department store chain to Debenhams for over €29 million in 2006, but retained the buildings, which...

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