US investment fund Marathon Asset Management continues to step up its divestment of retail assets across the country, this time putting a Galway shopping centre up for sale, its second such asset in recent months.
Corrib Shopping Centre, located just a stone’s throw from Eyre Square and minutes from Shop Street, Galway’s retail high street, has been put on the market with a guide price of in excess of €18.5 million, reflecting a yield of 8.41 per cent.
The move follows that of the nearby Eyre Square Shopping Centre, which was brought to market by Marathon Asset Management in August at a guide price of €12.75 million. It is understood that the sale of this property is progressing well and is likely to complete shortly.
Anchored by Marks & Spencer and Sports Direct, which recently took a new 10-year lease on the former Debenhams anchor unit occupying more
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