French investor closing in on €23m deal for Kilkenny Retail Park

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French investor closing in on €23m deal for Kilkenny Retail Park
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Scheme is fully occupied and generating €2.2m in annual rental income from strong tenant line-up led by DIY retail giant, Woodie’s

Iroko Zen is closing in on the purchase of Kilkenny Retail Park from Aviva’s Irish Commercial Property Fund. The deal, which is understood to carry a value of just over €23 million, will represent the French-headquartered investor’s ninth acquisition in the Irish investment market.

Aviva secured ownership of Kilkenny Retail Park in 2018 as part of its takeover of Irish insurer Friends First. Friends First had purchased the park for €25 million in 2016.

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