German fund buys Liffey Valley Shopping Centre for €600m

Massive extension planned along with Olympic-standard ice arena

Liffey Valley Shopping Centre Pic: RollingNews.ie

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 ...