Alternative investor Strategic Value Partners has acquired Blanchardstown Centre, a prime retail and leisure destination in Ireland, without disclosing the purchase price.
Blanchardstown Centre, in north-west Dublin, is spread across 1.2m sqft with a mix of 180 shops and restaurants.
SVP, which has around $19bn (鈧�18bn) of assets under management, said it plans to make significant investments in Blanchardstown Centre, including enhancements to its food and beverage offerings. SVP will work closely with Fingal County Council, existing tenants, and Falcon Asset Management to elevate the centre鈥檚 appeal and 鈥渟trengthen its position as a premier retail destination for visitors and tenants alike鈥�, the investor added.
Mike Ungari, global head of real estate at SVP, said: 鈥淎s a centrepiece in Dublin鈥檚 retail sector, we鈥檙e excited by the opportunities Blanchardstown Centre presents.
Our goal is to build on the facility鈥檚 strengths, and we are committed to ensuring Blanchardstown continues to set the benchmark for retail and leisure excellence in the region.鈥�
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