Five Nama-controlled shopping centres up for sale

Three Munster shopping centres are among five so-called ‘provincial shopping centres’ dubbed the Harvest Portfolio, up for sale promising a nine per cent return on a €50million investment.

Five Nama-controlled shopping centres up for sale

There’s a current rent roll of €4.8m on the five grocery-dominated centres, in Dungarvan, Thurles, Cashel, Mullingar and Navan, anchored by the likes of Tesco, Dunnes and SuperValu.

The sale is for Nama, coordinated via Deloitte, and joint selling agents are Lisney’s Duncan Lyster (Dublin) and Margaret Kelleher (Cork), acting with Roderick Nowlan of Bannon. Current income is about €4.8m, offering buyers an initial yield of about nine per cent.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

Property & Home

Newsletter

Sign up for our weekly update on residential property and planning news as well the latest trends in homes and gardens.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited