Blackpool Shopping Centre up for sale

THE first of two expected major Cork shopping centre sell-offs by the privately-owned global investment firm Varde Partners has been confirmed.

Blackpool Shopping Centre, retail park and offices — which had been developed by the Love family — goes to market this week, guiding €117 million, after last changing hands in a portfolio sale.

Market sources also expect Varde to similarly consider selling the Douglas Court Shopping Centre, another Shipton Group/Love family development which Varde also acquired in another portfolio sale about three years ago.