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
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...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Content is king – just ask Netflix as rivals attempt to steal its crown
A WarnerMedia-Discovery deal puts the spotlight on streaming wars as around 100 platforms vie for the attention of often fickle audiences
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures