NAMA puts retail park portfolio on the market for €110m

Wednesday 30 July 2014 08.49
Phase 1 of Carrickmines Retail Park accounts for around 60% of the portfolio's value
Phase 1 of Carrickmines Retail Park accounts for around 60% of the portfolio's value

A portfolio of retail parks held by NAMA has been put on the market for a guide price of €110m.

The five properties are located across the country and offer an initial net yield of 8.4%, according to joint estate agents CBRE and DTZ Sherry FitzGerald.

The firms said the majority of the portfolio’s value comes from the inclusion of the phase 1 development of Carrickmines Retail Park in Dublin.

The four other properties are the M1 Retail Park in Drogheda, Lakepoint Retail Park in Mullingar, Poppyfield Retail Park in Clonmel and Four Lakes Retail Park in Co Carlow.