Stephen Vernon’s foresight vindicated again by latest Blanchardstown sale – The Irish Times
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/GAUTYC523Q6IGBDAW2IHVZTXHY.jpg "Stephen Vernon’s foresight vindicated again by latest Blanchardstown sale – The Irish Times")
Goldman Sachs’ decision to sell the Blanchardstown Centre in Dublin – at a potential loss of as much as €100 million compared to the €750 million it spent acquiring the property from private equity giant Blackstone in 2020 – underlines the issues facing the commercial property market amid higher rates and a struggling retail sector. … [Read more…]