Grand Coast Capital has bought the Skerries Point Shopping Centre in a €3.4 million deal.
The investment is reportedly €400,000 above the guide price and will show a net yield of 7%.
Currently, the vacancy rate 'stands at 57%'.
The American investment also acquired Swords Plaza three months ago, as well as a 'mixed-use office and retail development' on Main Street, for €13.5 million.
Sources close to company said it is looking for additional retail centres in good locations, reported Irishtimes.ie
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The key tenants within the shopping centre include Eurospar and Boylesports.
Skerries Point extends to 6,381sq m (68,682sq ft) and has parking at surface and basement level for 200 cars.
© 2017 - Checkout Magazine by Donna Ahern
