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Ireland's largest shopping centre, The Square in Tallaght, enters receivership with AIB appointing Interpath Advisory as joint receivers, following a failed €125m sales process.
Ireland's largest shopping centre, The Square in Tallaght, has entered receivership, with AIB appointing Kieran Wallace and Eamonn Richardson of Interpath Advisory as joint receivers.
The move follows a failed sales process, with offers valuing the shopping centre at around €125m, a significant reduction from the €250m Oaktree Capital Management paid in 2018.
The daily operations at the shopping centre are not expected to be affected by the receivership.
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El centro comercial más grande de Irlanda, The Square en Tallaght, entra en suspensión de pagos y AIB nombra a Interpath Advisory como síndico conjunto, tras un fallido proceso de venta de 125 millones de euros.