Three Irish retail parks have been placed on the market for sale by Savills and Cushman & Wakefield.
Belgard Retail Park in Dublin, the M1 Retail Park in Louth and Poppyfield Retail Park in Tipperary are for sale individually or as one lot with a guide price of €78m for the three.
Belgard Retail Park is strategically located on Belgard Road in Tallaght, with easy access to the M50 motorway.
The park is fully occupied and anchored by home improvement and garden centre retailer B&Q. Other occupiers include Homestore & More, Dealz, Carpet Right, Halfords, Right Style Furniture, Burger King Drive Thru and Starbucks. There is surface car parking for 482 cars.
Poppyfield Retail Park occupies a pivotal location on the western side of Clonmel town in Co Tipperary, at the junction of the Cahir Road and the N24 (Limerick – Waterford Road).
It was developed in 2004 and comprises a mix of retail warehousing along with an ancillary neighbourhood centre.
Woodie's DIY and SuperValu are the anchor tenants and other tenants in the park include Harry Corry, Maxi Zoo, EZ Living, World of Wonder and D.I.D Electrical.
M1 Retail Park is located just off the M1 Motorway in Drogheda in Co Louth and is strategically located just 1km off the M1 motorway which connects Dublin and Belfast.
It provides a mix of retail, leisure and office accommodation extending to approximately 267,000 sq. ft. along with 600 car-parking spaces.
Much of the scheme constitutes retail and leisure use (89%) and is anchored by Woodies DIY. Its other tenants include Smyths Toys, Sports Direct / Brand Max, Dealz, Equipet and EZ Living amongst others.
"This collection represents a unique opportunity to acquire a substantial retail park portfolio, comprising three established parks strategically located throughout Ireland with impressive tenant line ups and opportunities to increase the rent receivable over the coming years", a spokesperson for Savills and Cushman & Wakefield said.
"We expect strong interest in the collection both individually and as an entire portfolio," the spokesperson added.
