Irish investor acquires scheme as US fund Marathon continues Irish retail asset sell-off

Price paid represents 33% discount on €12.75m sought by Marathon Asset Management

Parks Collection comprises leading schemes in Dublin, Drogheda and Clonmel

Landmark Galway city scheme anchored by retail giants Dunnes Stores and Penneys

€1.5bn poured into residential, office and logistics assets as threat of Covid-19 recedes

Sale of schemes in Dublin, Drogheda and Clonmel offers buyer net initial yield of 8.43%

State’s biggest landlord to pay €424,000 per unit for 25 apartments at Beechwood Court

Henderson Park Capital seeking €400m for portfolio acquired in Green Reit buyout

€1.34bn sale of Green Reit leads charge in year defined by €100m-plus ‘mega deals’

Dublin’s standing as a location to deploy international capital came into its own in 2019

At least 3,000 new apartments are expected to come on stream at high-profile sites in the area

Shareholders will receive almost 25% premium to price before sales process was announced

Founding directors Vernon and Gunne expected to step away from the listed Irish property group

It now joins Kennedy Wilson and unit of DekaBank in round of final offers