Manor West Retail Park To Go On The Market

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MANOR West Retail Park in Tralee is on the market with a guide price of over €55,175,000 according to a story in The Irish Times.

US investor Marathon Asset Management has instructed agent Cushman & Wakefield to bring the site to market.

The guide price represents a 6% discount on the €59 million the current owners paid for the park back in 2015.

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The Irish Times article states the park’s overall rental income has grown by over 25 per cent under Marathon’s stewardship. In 2015, the annual rent roll stood at about €4 million.

The Park has a number of large tenants across its 29-acre site including Tesco, Next, TK MAXX and Harvey Norman to name but a few. The next few months will see Jysk and The Range also move into the Park.

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