Davy Real Estate has reportedly acquired Swords Central Shopping Centre in Dublin for €11m, a significant discount to its €21.5 million guide price.
The 15-year-old centre is believed, according to a report in the Irish Times, to have been secured by Davy investors in recent weeks for about €11 million.
The North Dublin scheme produces a rental income of €1.3 million from 12 shops, with 278sq m (30,000sq ft) of retail accommodation and a 320-space car park producing an average annual income of €280,000.
Swords Central is anchored by Penneys and also houses More 4 Less, The Works, An Post, Dealz, Holland & Barrett, Specsavers and Starbucks.
