Deerpark Retail Park in Killarney sold to American investor

An American investment fund has purchased the Deerpark Shopping Park in Killarney. Deerpark Killarney Davison Kempner paid over €175 million for the entire portfolio that included five retail parks around the country. It also included Nutgrove Shopping Centre in Dublin, and retail parks in Letterkenny, Sligo and Tullamore. Domhnaill O’Sullivan of Savills in Dublin who handled the sale, said the buyer was a significant American fund that has invested in a number of retail outlets in Ireland. He said there had been a lot of interest from investors from abroad. The properties were previously in receivership and were being sold on the instructions of the Bank of Ireland.