Blackstone, a US investment group is favourite to buy Blanchardstown Shopping Centre from Green Property for €950 million. Blanchardstown anchor tenants include Dunnes Stores, Debenhams, Marks and Spencer’s and Penney’s. Green Property developed the site 20 years ago which includes a Cinema and Theatre.
Blackstone are the preferred bidder, with Green Property opting to accept a bid for the Retail Shopping Centre over the coming days. Blackstone are not believed to be the highest bidder, but they are preferred as they are believed to carry minimal risk.
Canada Pension Plan and Chartered Land were the other final bidders. The Shopping Centre has cemented itself within the Irish Retail landscape with over 1.25 million sq ft of retail and retail warehousing.