German fund buys Liffey Valley Shopping Centre for €600m

German fund buys Liffey Valley Shopping Centre for €600m

Massive extension planned along with Olympic-standard ice arena

German investment company Universal-Investment has won the race to acquire the Liffey Valley Shopping Centre in a deal believed to be worth more than €600 million.

Liffey Valley was owned by clients of HSBC private bank, the Grosvenor Group - the British property group operated mainly on behalf of the Duke of Westminster and Hines Ireland who also acted as asset and development managers. The shopping centre was put on the market in July.

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