Kilbarry Shopping Centre in Waterford back on the market

WATERFORD’S Kilbarry Shopping Centre, anchored by SuperValu and dating to 2000, is valued at €16 million as part of the four-lot €80m retail portfolio called SV4, which is brought to market this week by Savills.

It’s the second largest of the four retail investments in a grouped sale of supermarket/retail assets, previously sold as part of Project Aspen’s loan sales by Nama, and acquired by Starwood Capital, Catalyst Capital and Key Capital at a significant discount.

Project Aspen was one of the first major non-performing loan (NPL) portfolio sales undertaken by Nama, a mix of offices and retail.