Blackstone buys Blanchardstown
Published: 21 June, 2016
US investor snaps up Dublin mall for a reported €950m
Blackstone’s Real Estate Partners Europe IV fund has bought Blanchardstown Centre, one of Ireland’s leading retail and leisure destinations from Green Property. And Blackstone’s shopping centre arm, Multi Corporation, will take over management of the 1.2m-sq ft centre.
Blanchardstown Centre is a dominant retail complex comprising over 180 leading stores, together with numerous restaurants and leisure facilities, including a nine-screen cinema. There is capacity for an additional 1.6m sq ft of potential development for retail, residential, office and leisure uses as the site has been designated as a Major Town Centre.
Located in north-western Dublin and linked to Ireland’s major motorways, Blanchardstown Centre is one of Ireland’s most accessible and premier retail destinations and continues to be well placed to serve Dublin and beyond.
Anthony Myers, head of European real estate at Blackstone, said: "This is a further investment by us in Dublin and underlines our commitment to Ireland and belief in the strength of its economy.”