Improving retail sector set to spark strong interest in €120m portfolio

One of the largest retail investment portfolios ever brought to market in Ireland was yesterday launched by joint selling agents Savills and Bannon with a guide price of €120m.

The Spectrum Portfolio consists of seven assets, including three in Dublin and another just outside Cork City, which produce a rent yield of 9% or approximately €11m per annum.

Director of Investments at Savills Ireland and Roderick Nowlan, Fergus O’Farrell said strong demand for the portfolio is expected as investors eye retail opportunities amid improving economic conditions.