Commercial property

New Rathfarnham retail scheme sold to French firm for €10.14m

The development at White Pines on Stocking Avenue comprises a supermarket and three-storey crèche on a 1.98-acre site

White Pines on Stocking Avenue in Rathfarnham has been sold to French investment company Iroko ZEN for €10.14 million

A new retail development at White Pines on Stocking Avenue in Rathfarnham in Dublin 16 has been sold by Ardstone to Iroko Zen, a new entrant to the Irish investment market, for more than €10 million.

Iroko ZEN is a French SCPI, which stands for “société civile de placement immobilier”, an investment company authorised to issue shares to institutions and the public, and set up with the exclusive purpose of buying and managing property on ...