Bank of Ireland is selling a portfolio of Irish retail property assets for 鈧�162m.
The portfolio of five retail parks is being marketed by Savills and JLL, which were appointed to find a buyer by receivers KPMG and Mazars.
One of the assets, the Nutgrove Retail Park, near Dublin, is worth around 鈧�60m.
The 195,000 sq ft park includes 57,000 sq ft of office and leisure space.
Annual rents are above 鈧�4m.
Tenants of the fully let park include Homebase and Aldi.
Savills said the asset would 鈥渁ttract the attention鈥� of some of the active institutional buyers currently in the Irish market given its quality and lot size.
The 1.1m sq ft portfolio 鈥� the largest Irish real estate opportunity to come to the market in terms of overall floor area 鈥� also includes four regional retail parks.
The four regional schemes 鈥� at Letterkenny, Sligo, Tullamore and Deerpark 鈥� have a 鈧�100m guide price.
