business / news / / The Irish Times
The Frascati Centre in Blackrock is expected to be offered for sale on the open market in the coming weeks.
The Frascati Centre will be publicly listed for sale at a lowered guide price of €75–€80 million.
KEY POINTS
- Planning permission exists to develop 123 additional rental apartments in two phases at the centre.
- More than 60 percent of income is generated by Marks & Spencer, Aldi, and the 42 rental apartments.
- The centre generates €6.9 million in annual rent, with €1.5 million from residential units.
COMPANIES
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