Significant portfolio comprising 6 shopping centres across 993k sq. ft. and 294 units. Centres include Donaghmede Shopping Centre, Galway Shopping Centre, Laois Shopping Centre, Letterkenny Shopping Centre, Longwalk Shopping Centre and Parkway Shopping Centre.
All Centres are well established in prime locations with strong anchors including Dunnes, Tesco and Penneys and a range of well-known domestic and international fashion, health & beauty and food & beverage retailers.
This portfolio was acquired in July 2023 and at that time, had retail vacancy of approximately 17% and over 75 tenants overholding on expired leases. The portfolio of centres represented a resilient income property investment opportunity with immediate asset management and future development opportunities.
Various
Shopping Centre
993,469 Sq. Ft.
2023
17m per annum
Tesco, Dunnes Stores, Penneys
Following the acquisition of the portfolio, we implemented a comprehensive asset management strategy to stabilise performance and drive long-term value.
We addressed high vacancy levels and overholding tenancies by executing a targeted leasing strategy, successfully securing new occupiers across previously vacant units. In parallel, we undertook extensive regearing and lease renewal discussions, resulting in a longer WAULT and more secure, sustainable income.
The tenant mix was further strengthened through the replacement of underperforming occupiers, the introduction of additional services, and diversification of centre offerings. These initiatives enhanced tenant appeal, improved customer experience, and maximised rental income across the portfolio.
As of 2026, the portfolio has delivered strong operational and income performance:
