€123m capital package

As the sell-off of a portfolio of three Irish shopping centres in Cork, Clonmel and Balbriggan moves to a second round, with three bidders reportedly all over €135 million, a second very sizeable portfolio of Dublin shops and offices comes for sale this week, guiding €123m.

Colm Luddy of CBRE, acting jointly with Savills, says the Capital Collection with over €7m in rental income “is one of the most significant property investment sales of 2014 to-date.”

Targeted at international investors and Irish REITS, it comprises quality retail and office buildings in the greater Dublin area, across eight properties.