Goldman Sachs buys Bridgewater Shopping Centre in Arklow
Financial investors acquire 27,871sq m Co Wicklow centre in €33.25m off-market deal
Bridgewater Shopping Centre: the nine-year-old centre has a rental income of €2.9 million
The global financial investment group Goldman Sachs has acquired Bridgewater Shopping Centre in Arklow, Co Wicklow, in an off-market deal for €33.25 million. The sale is subject to the approval of the Competition Authority.
The nine-year-old centre has a rental income of €2.9 million, and will show a return of around 8.5 per cent for the new owners.
A nine-screen Omniplex cinema in separately owned.
Colliers International and CBRE advised the owners, while Arrow Asset Managers acted for Goldman Sachs.