The German family-office investor, AM Alpha, has paid about €50 million to acquire Dublin’s Northside Shopping Centre. Patron had been expecting to secure a figure in the high €50 millions, notwithstanding the general fall off in the value of shopping centres. Extending to 16,757sq m (180,375sq ft), Northside Shopping Centre comprises 76 retail units, some 90 per cent of which are occupied. Other major retailers trading at Northside are Iceland, Heatons, Unicare, Euro General, Sportsworld, Northside Opticians, Café Misto Food Court and KFC. While Northside Shopping Centre is AM Alpha’s first investment in Ireland’s retail property sector, the company has been active in the past in the Dublin office market.

Source: The Irish Times November 06, 2019 06:00 UTC