AM alpha has completed a further transaction in Dublin this year with the acquisition of the Nutgrove Retail Park in South Dublin. Located in the highly populated and affluent suburb of Rathfarnham, Nutgrove Retail Park is one of the top local retail parks. It is situated adjacent to Nutgrove Shopping Centre and creates a good interaction with each other, with free-flowing pedestrian traffic between both.
The property comprises approximately 18.400m² divided in mostly retail space totalling 15.600m² and high specification office accommodations comprising 2.800 m². As an already established asset, it is fully let to high-quality tenants and is also the domicile of an HSE Public Care Center. Nutgrove Retail Park can be conveniently approached by car from the M50 Motorway as it is situated approximately 8.5 km south of Dublin city centre and within 5 min drive of Dundrum Town Centre.
Martin Lemke, Managing Director at AM alpha, commented: “We are very pleased with the latest acquisition of Nutgrove Retail Park, a particularly well-established Center in an excellent surrounding in Rathfarnham. This transaction is a perfect example of how we are implementing our goal of delivering sustainable value to our long-term investors. As we are very convinced of its further potential and future growth Ireland will continue to be a main focus for us and we will actively seek core and value-oriented investments across all sectors.”