Blackstone Real Estate Partners Europe IV has acquired Blanchardstown Centre, one of Ireland’s leading retail and leisure destinations from Green Property.
Blanchardstown Centre is a dominant 1.2 million ft² (111,000m²) retail complex comprising over 180 leading stores, together with numerous restaurants and leisure facilities, including a 9-screen cinema. There is capacity for an additional 1.6 million ft² (148,600m²) of development potential (across retail, residential, office and leisure uses) further bolstering the site’s position as a major town centre. Located in north-western Dublin and linked to Ireland’s major motorways, Blanchardstown Centre is one of Ireland’s most accessible and premier retail destinations and continues to be well placed to serve Dublin and beyond.
Multi Corporation, Blackstone’s pan-European retail platform, will manage Blanchardstown Centre post acquisition.
Anthony Myers, head of European real estate at Blackstone, said: "This is a further investment by us in Dublin and underlines our commitment to Ireland and belief in the strength of its economy.”
The transaction is expected to close this summer pending relevant regulatory approvals.
