The Wilton Shopping Centre purchase pairing (as part of the Hazel Portfolio sale) of Irish property development and investment company Clarendon Properties, with US-based York Capital Management, bodes well for Wilton’s future, say market observers.

A business and property briefing this week, by DTZ Sherry FitzGerald, Cork, billed the industrial sector as “the weakest link, with speculative development unlikely for the next few years.”