Nama to sell retail parks portfolio

Nama yesterday put its first retail park portfolio on the market for a guide price of €110m.

The Parks Portfolio consists of five separate retail parks around the country, with approximately 60% of the value derived from a substantial part of the Carrickmines Retail Park in Dublin.

Phase 1 of the Carrickmines development, which includes tenants Woodies; PC World and Next among others, is included in the portfolio and generates rental income of approximately €4.4m per annum, with a low vacancy rate of 7.6%.