Clarendon want Wilton

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.

In yet another example of US capital allying itself to Irish real estate/retail expertise and local knowledge, it’s emerged that York Capital and Clarendon are preferred bidders, with a period of exclusivity on negotiation on the €130 million Hazel Portfolio.

The deal now progressing pushes the sale of Irish retail investments to well over €1 billion in the past two years, mostly through portfolio/loan sales.