Cork retail centre is this year’s record deal

A CONSORTIUM of investors won out when the sale of the Wilton Shopping Centre, owned by Tesco, went to best bids last Tuesday.

In the biggest commercial deal of the year, a confidentiality clause precludes any parties involved in the sale divulging the identity of the new owners or the purchase price.

Following strong international, UK and Irish interest in the 168,000 square foot centre, an investment group, which includes a Northern Irish and a Cork-based investor, are set to finalise a deal for a sum in excess of €110 million.