Cork city retail investment at €22m offers buyer 9.1% net initial yield

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Cushman-Wakefield Berita

Cork,Retail,Retail-Investment

Opera Lane portfolio has strong tenant line-up that includes Next, H&M and Starbucks

Agent Cushman & Wakefield is guiding a price of €22 million for the Opera Lane retail portfolio in Cork City.

The investment comes for sale with a strong tenant line-up that includes Next, Specsavers, H&M, Skechers, New Look, Therapie and Starbucks. Select+ and Tommy Hilfiger occupy the front two units, which have dual frontage on to St Patrick’s Street and Opera Lane. H&M and Next have both recently committed for the long term to the development while Victoria’s Secret and Bath & Body Works have recently agreed leases on two units.

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