A US investment fund are believed to be close to securing a deal to buy Dundalk Retail Park.
It is reported that Varde Partners are hoping to snap up the Spectrum portfolio of shopping centres and retail parks, which apart from Dundalk also includes the Bloomfield Centre in Dun Laoghaire, Douglas Shopping Centre in Cork and Quayside in Sligo.
The portfolio has been marked as ‘sale agreed’ in recent days with estate agents Savills, with speculation that Varde could pay in the region of €150m for the malls.
The current rental income at Dundalk Retail Park is just under €2.5m per annum.
