Marshes goes to market for €33.5million


The Marshes Shopping Centre, currently owned by American real estate firm Kennedy Wilson, has been put on the market at a guide price of €33.5 million.

he complex, which was bought by its current owners for €44.5 million in 2014 — is being offered to the market by joint agents CBRE and Bannon.

Anchored by a 71,600sq ft Penneys and a 116,500sq ft Dunnes Stores, the Marshes Shopping Centre has become a premier retail destination in the north east since it was built in 2005 at a cost of €120 million.

The centre is reported to be just short of a 100 per cent occupancy rate with two remaining vacant units currently under negotiation.

It boasts a range of both national and international retail offerings outside of its two anchor tenants including H&M, Boots, New Look, River island, Carraig Donn, Sketchers, Diesel, Eason and EuroGiant. and has a number of widely recognised chains including Starbucks, Costa Coffee and a multi brand dining concourse.

The Marshes centre also has an adjacent 1,530 surface level pay car park, which offers additional annual income.

The scheme is being marketed as a prime location in Dundalk town, and with a number of redevelopment options, subject to planning permission, also on offer.

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