Ireland’s Whitewater Shopping Centre sold to Deka

By

Barbara Santamaria

Published
Mar 16, 2016

The acquisition of Whitewater Shopping Centre, located in Newbridge, Co. Kildare, was been completed on Tuesday by German-based fund Deka Immobilien for €180 million.

With 320,640 sq ft of space, Whitewater is Ireland’s largest regional shopping centre and has over 70 retailers distributed over a two-level scheme. Anchored by Debenhams and Marks and Spencer, the centre also counts a large mix of fashion brands including Zara, H&M, River Island, Oasis, Monsoon, Easons and many others.

According to Irish media reports, the centre had attracted strong interest from several other European and American funds, as well as a host of private equity investors. Whitewater was previously owned by Ballymore Properties & Elm Holdings.

The centre is Deka’s second shopping mall in Ireland, after it bought Mahon Point shopping centre in Cork in 2005 for €250 million. Additionally, the German fund owns a Tommy Hilfiger store on Dublin’s Grafton Street.