Goldman Sachs has reportedly appointed real estate investment bank Eastdil Secured and advisor CBRE to find a buyer for Blanchardstown Centre, Ireland’s largest mall.
The shopping centre is expected to sell for a guide price of between €650 mln to €725 mln, according to a story first reported by the Irish Times.
Blanchardstown Centre, which spans around 112,000 m2, has 180 stores and is anchored by Penneys and Marks & Spencer.
Goldman Sachs acquired the shopping centre, as well as two adjacent retail parks, external retail units and a five-storey office block, in December 2020 in a deal worth €750 mln.
Prior to being taken over by Goldman Sachs, Blanchardstown Centre was owned by US investment giant Blackstone.
Goldman Sachs had been among the financial backers for Blackstone’s investment in Blanchardstown and swapped its debt to lead a takeover of the property.