Private equity giants set for €1bn shopping centre sell-off

Plan to combine portfolios into publicly-traded Reit so US and European funds can quit Ireland

8th May, 2016
Davy Stockbrokers is working on the plan

US and European private equity giants are eyeing plans to sell off up to €1 billion worth of Irish shopping centres through a stock market flotation.

It is understood that Davidson Kempner, Varde Partners, Oaktree Capital and Marathon Asset Management, who have spent hundreds of millions of euro assembling portfolios of Irish shopping centres, are in discussions over pooling their assets into a Real Estate Investment Trust (Reit).

A float would allow the funds to...

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