more catching up
While in catching up mode it seems to have gone under the radar that the Parkway shopping centre has changed hands recently. It was brought to the market some months ago by the owner Clancourt Group with a not so small pricetag of 56 million euros!! The sale price is believed to be in excess of that price and has been bought by the property firm harcourt Developments. Conor Kenny of Clancourt developments commented “We are happy with the price achieved”. The shopping centre is currently bringing in a rental value of approx 2.6 million euro per year. I’m not suprised they are happy with the price that they got for it!!! Maybe its just me but where is all this shopping centre madness and indeed property madness in general going to end?