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Cork’s second largest shopping centre on the market for €86m

Savills has launched Wilton Shopping Centre to the market on behalf of York Capital, guiding in excess of €86m which comprises €76m for the Shopping Centre – producing a net initial yield of 6.75% – and €10m for a mixed-use development site.
By James Buckley
September 7, 2018 | 1:57 P.M.

The shopping centre is anchored by Penneys and Tesco (the latter owner occupied) and boasts an footfall of over 5.5 million per annum. The centre retains virtually 100% occupancy underpinning the success of the centre. The net operating income (NOI) for the centre is approximately 5.54m.

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