Retail still in demand

Last week’s sales of two provincial retail parks for more than €70 million show that foreign investors still see a lucrative future in the sector.

17th August, 2015
9
A US investor has bought Manor West Retail Park in Tralee, for €59 million

Two sales last week of provincial retail parks for a total of more than €70 million, at net yields of 7 per cent and less, show that foreign investors still have an appetite for retail centres – despite the concerns about some retail parks signalled in a Retail Excellence Ireland report in April.

The REI report found that 15 retail parks were what it described as “unhealthy” in business terms, and that a further six were...

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