Retail parks performing well, in occupancy and as investments
The sector is not immune to recent property-sector turbulence, but pricing for retail parks has proven to be strong, reflecting demand and rental growth
Retail parks are performing well both in terms of occupancy levels and as property investments, not alone in Dublin but also around the country.
This was reflected in two recent deals for retail parks in Galway and Offaly. In December in an under-the-radar deal, French investment firm Corum bought Tullamore Retail Park in Co Offaly for around the €18.5 million guide price quoted by agents CBRE. This equated to a yield of about 8 per ...