Rents likely to fall at shopping centres, says Blanchardstown owner

Blackstone president Jon Gray has said the future for enclosed malls is likely to be ‘very challenging’

2nd August, 2020
Rents likely to fall at shopping centres, says Blanchardstown owner
Jon Gray of Blackstone believes there is likely to be a decrease in rents at its shopping centres, which includes Blanchardstown Centre

The owner of Blanchardstown Centre has said there is likely to be a decrease in rents at its portfolio of shopping centres.

Blackstone, the multibillion-dollar US property group, acquired Blanchardstown Centre in 2016 for €945 million. The deal was Ireland's most expensive single property sale.

The Irish shopping centre is one 69 retail developments in Europe controlled by the US investment firm.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Collins’s slippers to feature on new range of gift items

Retail Barry J Whyte 2 days ago

Jeweller Chupi sets her own gold standard

Retail Róisín Burke 1 week ago

Comment: Retail needs a clear path to reopening safely

Retail Duncan Graham 2 weeks ago

Plan to convert 4,000 empty spaces above Dublin shops into housing

Retail Killian Woods 1 month ago