Skerries Point Shopping Centre – which is home to the likes of Boylesports, Eurospar and Brady’s Pharmacy – has been acquired.
Real estate investment firm Grand Coast Capital Group is behind the acquisition, with the deal likely to provide it with a “prime opportunity” to build value and drive occupancy in partnership with a local operator.
The company has already been informed of a number of tenants interested in taking space at the 69,000 sq ft site.
“Grand Coast’s investment strategy for Skerries Point centres around maximizing the asset’s potential for growth in an effort to bring the space to its full value and capacity,” said Jeff Carter, chief executive and founder of Grand Coast Capital Group.
“Our partnership with local operators will ensure the successful management of Skerries Point going forward, benefitting current and future tenants and positioning the property as an invaluable resource for the surrounding community.”