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Blanchardstown Centre bought by Blackstone

Written by Robert McHugh, on 17th Jun 2016. Posted in Ireland

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The Irish Independent has today reported that Blackstone has completed a deal to take over the Blanchardstown Centre in one of the biggest property deals in the history of the state. 
 
Blanchardstown Centre is a 1.2 million square foot retail complex comprising over 180 leading stores together with numerous restaurants and leisure facilities including a 9-screen cinema.

Furthermore, the centre has capacity for an additional 1.6 million square feet of development across retail, residential, office and leisure.
 
It is believed that Blackstone paid Green Property €950m for the centre.
 
In a statement, Head of European Real Estate at Blackstone, Anthony Myers said, "This is a further investment by us in Dublin and underlines our commitment to Ireland and belief in the strength of its economy."

Source: www.businessworld.ie

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