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IRISH RETAIL INVESTMENT PORTFOLIO

CORK | BALBRIGGAN | CLONMEL

P O R T F O L I Oac rn

IRISH SHOPPING CENTRE INVESTMENT PORTFOLIOCORK | BALBRIGGAN | CLONMEL

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Access the Irish Domestic Recovery through a diverse Retail Portfolio

Approximately

720,000 sq ft of commercial

accommodation

All 3 centres hold

dominant positions in their catchments

Tenants include major international

occupiers like

Tesco, M&S, Aldi, Next, Boots andTK Maxx

More than

10.5m visitors per annum

all benefiting from over

3,500 free car spaces

€13.25m initial rent pa

with 70% from Institutional Occupiers

and a WAULT of 9.72 years

More than 276,000 people

within the 3 scheme’s bespoke catchments

spending over €1.57bn per annum

Attractive initial yield

of 9.75% on quoting price

130Tenancies in 3 diverse locations

What the acorn portfoliooffers to investors...

WEXFORD

DUBLIN

WATERFORD

LIMERICK

TIPPERARY

MALLOW

CORK

CASHEL

GALWAY

SILGO

DUNDALK

BELFAST

N11

N11

N25

N25

N22

N21

N20

N18

M6

N5

N17

N17

N15

N14

N16A4

A3A1

M2

M1

A5

A6

A29

A26

A32

M8

M8M7

N7

M7

M4

M1

N3

M2

N2

N3

N4

N4

M50

M9

N24

N24

DROGHEDA

SWORDS

WICKLOW

MULLINGAR

ATHLONE

PORTLAOISE

DERRY

ENNISKILLEN

SHOWGROUNDS SHOPPING CENTRECLONMEL

BLACKPOOL SHOPPING CENTRE & RETAIL PARKCORK

MILLFIELD SHOPPING CENTREBALBRIGGAN

KILLARNEY

N74

IRISH RETAIL INVESTMENT PORTFOLIOCORK | BALBRIGGAN | CLONMEL

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IntroductionOn behalf of the Vendors, JLL and Bannon are delighted to present the Acorn Portfolio; an opportunity for both investors and specialist shopping centre operators to acquire a portfolio of 3 shopping centres and a largely open use retail park located across Ireland.

At a time when Ireland’s domestic market is experiencing a turnaround which is widely expected to continue, these assets represent the first opportunity to obtain a significant stake and exposure to the Irish retail market in assets that dominate their respective catchments.

This investment opportunity provides a secure cashflow from excellent tenants including major anchors such as Tesco, Marks & Spencer, Aldi and TK Maxx as well as providing significant Asset Management and development opportunities to enhance returns and drive performance in a recovering market.

Acorn Portfolio; an opportunity to acquire a portfolio of 3 retail assets across Ireland.

http://www.acornportfolio.com/property/lot1/1/video



IRISH SHOPPING CENTRE INVESTMENT PORTFOLIOCORK | BALBRIGGAN | CLONMEL

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Investment Highlights

Modern Spacious Shopping Environments

• Showgrounds, Clonmel was completed in 2009 and is constructed to an extremely high standard providing bespoke retail space

• Millfield, Balbriggan, Co. Dublin was completed in 2011 providing a 2 level retail scheme with one of the largest Tesco stores in Ireland and a very high standard of finish

• Blackpool in Cork provides a densely developed mixed use hub with purpose built shopping centre and largely open use retail park with overhead ancillary office space

• Opportunity to acquire all of these assets at below their current development cost

Attractive Income Yield

• Over €13.25m per annum passing rent

• Initial yield is 9.75% on quoting price of €130 million

• Overall Weighted Average Unexpired Lease Term of 9.72 years

• 70% of income is from institutionally acceptable retail occupiers with a WAULT of 10.58 years

• Capital Gains Tax exemption for properties purchased before 31 December 2014 if held for 7 years

Opportunity to Invest in Irish Domestic Recovery at point of Inflection

• Dramatically falling unemployment rate from excess 15% to 11.9% and forecast to fall below 10% by 2015

• Consumer sentiment back at pre-2008 levels

• Domestic economy emerging from years of high savings levels and Private Debt pay down

• One of the fastest growing populations in the EU

Each Centre Dominates its Catchment

• With undisputed dominance of North Cork, Blackpool has a catchment of over 112,000 people

• The Showgrounds, Clonmel draws from a catchment of over 105,000 with its strong fashion offer

• Millfield has a catchment of almost 60,000 in the country’s fastest growing town

• The three centres drive footfall with combined total footfall of 10.5m visitors per annum in 2013

• With the publication of the 2012 Retail Planning Guidelines there is a highly restrictive retail planning regime protecting existing assets from future competition

Asset Enhancement Opportunities

• 12.9% of floor space is vacant, offering opportunity to enhance return, including fitting out and/or letting shell and core units

• Potential to regear leases nearing breaks or expiry

• Undeveloped lands with Showgrounds and Millfield provides opportunities to develop and enhance the retail offer

• Opportunity to build a long term relationship with 130 tenants including 3 major anchors - Tesco, M&S and Dunnes Stores

Scale and Diversity

• This is the first opportunity to invest at a scale over €130m and to gain control of three major retail assets in Ireland

• Portfolio offers unique exposure to a cross section of markets and geographies in Ireland

• Offers exposure to the country’s second largest city of Cork; to a strong market town in prosperous Co. Tipperary and to a rapidly growing commuter town in North Dublin

• Diverse range of retailers allow cross-centre opportunities

This is a unique opportunity to acquire a ready made retail portfolio of scale including Blackpool Shopping Centre and Retail Park in Cork, Millfield Shopping Centre in Balbriggan, North County Dublin and Showgrounds Shopping Centre in Clonmel, County Tipperary.

Acorn Portfolio is a springboard for investment in the growth of the retail market in Ireland.


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Proposal

The entire is for sale by Private Treaty on the instructions of the Vendors. We are inviting offers in excess of €130 million (One Hundred and Thirty Million Euros) subject to contract and exclusive of VAT, which reflects an attractive Initial Yield of approximately 9.75% for the portfolio. It will be necessary for buyers to apportion overall purchase price across the 3 assets.

No warranties or guarantees in any respect, including but not limited to VAT, can be given. The Vendors are not bound to accept the highest or indeed any offer and are acting without personal liability.

For the avoidance of doubt, please note that this is an investment sale, therefore all tenants are unaffected.


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130 tenants

3,500 free car parking spaces

€13.25 millionContracted Rent Receivable (after abatements)

Overall Weighted Average Unexpired Lease Term of9.72 years

Portfolio Headlines

100,000 sq ftof office space

Immediate asset management opportunities to enhance return

Vacancy rate of 12.9% by floor area

600,000 sq ft of retail space

3 different anchors Tesco, Marks & Spencer and Dunnes Stores

70% of rent from institutionally acceptable retailers with WAULT of 10.58 years

73% of income has more than 5 years unexpired


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Portfolio Analysis

BlackpoolShopping Centre

123,751 sq ft (17%)

Showgrounds Shopping Centre

127,161 sq ft (18%)

Millfield Shopping Centre

184,603 sq ft (26%)

BlackpoolRetail Park

€4,491,298 (34%)

ShowgroundsShopping Centre

€1,515,203 (11%)


284,534 sq ft (39%)

MillfieldShopping Centre

€3,597,843 (27%)


€3,646,483 (28%)

62%56%


& Retail Park€738,488,157

ShowgroundsShopping Centre

€284,018,422

MillfieldShopping Centre

€551,265,327

OVERALL SPACE - PER SCHEME

SCHEME VACANCY

INITIAL RENT

PORTFOLIO CATCHMENT SPEND

0

50,000

100,000

150,000

200,000

300,000

250,000

Total Scheme Area Scheme Vacancy





284,534

123,751

184,603

127,161

Sq ft

4.7% 16.75%12.6%14%


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Rank Tenant Rent

1 Tesco €2,340,820

2 Woodies €1,140,275

3 Blizzard €971,141

4 Argos €403,868

5 New Look €402,318

6 Marks & Spencer €391,000

7 Aldi €368,670

8 Heatons €360,000

9 Boots €318,600

10 HSE €270,000

11 Carpet Right €253,465

12 Sam McCauley €245,000

13 Next €227,025

14 Maplin €207,584

15 McDonalds €190,461

Total €8,099,407

Blackpool Shopping Centre, Cork 7.83 years

Blackpool Retail Park, Cork 9.16 years

Millfield, Balbriggan 13.51 years

Showgrounds, Clonmel 6.97 years

Total Acorn Portfolio 9.72 years

TOP 15 TENANTS: 61% OF PORTFOLIO RENT

WAULT PER CENTRE

CATCHMENT BY AGE PROFILE

0<15 15-24 25-44 45.-64 65+

10,000

20,000

30,000

40,000

50,000

60,000

80,000

80,000

90,000

100,000

00>2 2<5 5<10 10+

€1,000,000

€2,000,000

€3,000,000

€4,000,000

€5,000,000

€6,000,000

€8,000,000

€7,000,000

(€/p

a)

Years

Years

0<15 15-24 25-44 45.-64 65+

10,000

20,000

30,000

40,000

50,000

60,000

80,000

80,000

90,000

100,000

00>2 2<5 5<10 10+

€1,000,000

€2,000,000

€3,000,000

€4,000,000

€5,000,000

€6,000,000

€8,000,000

€7,000,000

(€/p

a)

Years

Years

UNEXPIRED LEASE PROFILE


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Retail property is the best proxy to capitalise on the upturn in the Irish economy.

Ireland’s economy is recovering. Fiscal targets are being met, and sentiment is improving. Ireland was the first country to exit the EU/IMF programme in December 2013.

The signals indicate now is the time to invest in Irish retail property.

1. GNP is Improving

Year-on-year GNP showed an increase for the second consecutive year, with growth of 3.4% in 2013 (CSO). Central Bank forecasts show further growth of 2.7% in 2014 and 2.6% in 2015. The outlook therefore remains positive for the economy.

2. Strong Job Growth and Falling Unemployment

Employment in Ireland is steadily rising with an annual increase in the number of people employed of 3.3% (+61,000) in 2013. This compares to an annual increase of 0.1% in 2012 (CSO QNHS). Central Bank forecasts show further growth of 2.6% and 2.2% in 2014 and 2015 respectively. Unemployment in Ireland has continued to decrease, falling to 11.8% in March 2014 from 11.9% in February. The 5 year average unemployment rate for Ireland is 13.6%. IBEC forecast the unemployment rate to continue to decrease with single digit unemployment by 2015 (9.6%).

Why invest in the Irish Retail Market?

0

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

(f)

2015

(f)

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

€’0

00

GNP (CSO and Central Bank)

0

1,700

1,750

1,800

1,850

1,900

1,950

2,000

2,050

2,100

2,150

2,200

0

2

14

12

10

8

6

4

16

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

(f)

2015

(f)

Tota

l Per

sons

in E

mpl

ymen

t (’0

00s)

Une

mpl

oym

ent r

ate

(%)

Employment and Unemployment (CS0 and Ibec)

Total in Employment Unemployment Rate


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3. Consumer Sentiment is Up

The Consumer Sentiment Index (ESRI) has increased in the 12 months to March 2014 from 60.0 to 83.1 and is now at levels last seen in 2007.

4. Spending is Increasing

There has been a steady increase in retail sales in the last 12 months. Retail sales have improved significantly in the last 2 years, and so far both volumes and values of retail sales have shown growth in 2014, with increases of 2.9% and 5.0% respectively.

0

10

20

30

40

50

60

70

80

90

100

Jan

07

Jun

07

Nov

07

Apr

08

Sep

08

Feb

09

Jul 0

9

Dec

09

May

10

Oct

10

Mar

11

Aug

11

Jan

12

Jun

12

Nov

12

Apr

13

Sep

13

Feb

14

Inde

x

ESRI Consumer Sentiment Index

-20

-15

-10

-5

0

5

10

2007 2008 2009 2010 2011 2012 2013 Feb 2014

CSO Value and Volume of Retail Sales

Year

-on-

Year

% C

hang

e

VolumeValue


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5.Inflection Point in the Retail Sector - Get in at the turn

Medium term growth for retail rents

Shopping Centre rents peaked in Q4 2008 and as at Q1 2014 continue to rebase with marginal quarterly falls. For prime schemes rents have stabilised and tightening supply in some prime schemes may cause rental increases in the short to medium term. The IPD index shows that Shopping Centre capital growth bottomed in Q2 2013, falling 69.8% from peak levels, and has now witnessed its third consecutive quarterly period of growth equating to growth of 6.8% since Q2 2013. We anticipate rents will stabilise in the short term with medium term growth prospects as the domestic economy improves and we see overseas and international retailers returning to the domestic market.

Capital Values on the increase

IPD Shopping Centre and retail capital values have decreased significantly, with falls of 69.8% and 70.4% respectively from peak. However, given recent quarterly performances, retail capital values are now at a turning point in the cycle with consistent marginal growth now evident amid improving economic sentiment.

Capital / Rental Growth versus Retail Sales

There was a very strong correlation between retail sales, rental growth and capital value growth from 2000 to 2005. However from 2005 due to cheap finance as yields tightened, capital values expanded rapidly.

However in 2008 retail sales collapsed and until recently have remained stagnant due to the austerity budgets and loss of employment resulting in a sharp decrease in household disposable income. Rents followed sales down from 2008 as retail turnover and margins suffered. Arguably however both Retail Rents and Capital Values have overshot negatively when compared to Retail Sales performance during the recession.

0.0

100.0

200.0

300.0

400.0

500.0

700.0

600.0

Q100

Q101

Q102

Q103

Q104

Q105

Q106

Q107

Q108

Q109

Q110

Q111

Q112

Q113

Q114

IPD Ireland Quarterly Property Index

Rental Value GrowthCapital Growth

Retail property is the best proxy to capitalise on the upturn in the Irish economy.

0Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13

50

100

150

200

250

IPD SC CV IPD SC Rents CSO Retail Sales

RSI v IPD SC CV v IPD SC Rents


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Blackpool Shopping Centre and Retail Park, Cork

Blackpool is located in the north suburbs of Cork City positioned at the junction of the N20 and North Ring Road making the shopping centre and retail park highly accessible to its catchment of over 112,000 people. The scheme comprises a mixed use hub with a purpose built shopping centre and predominantly open use retail park with overhead office space.

As well as the core of retail and office income the combined scheme provides other community uses such as the Post Office, Health Board and Council Library. This has the effect of integrating the development into the fabric of the local community and nearby local Main Street supporting its function as a true District Centre for the immediate locality and wider North Cork region, a catchment it dominates.


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A true District Centre for the immediate locality and wider North Cork region, a catchment it dominates


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Blackpool Shopping Centre

Bowler House

North Ring Road

N20 (to City)

CORK CITY


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The Atrium

HSE Building

N20 (to Limerick)

Heron House

Multi-storey Car Park

River House

Heron Gate Apartments

Park House

Cinema


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The combined offering dominates the North

Cork Catchment

Retail tenants include major international

occupiers such as Aldi, Next, Argos, Boots andMcDonalds


within the scheme’s bespoke catchment

spending over €738.5 m per annum

Facts and Figures

Office tenants include Diageo and Blizzard

Entertainment

Approximately 408,285 sq ft

of retail space and 79,961 sq ft of high end

office space, plus storage

Scale of combined offer will protect its inherent value

into the future

More than 6.5m visitors per annum

all benefiting from over 1,800 free car spaces

Cork is Ireland’s 2nd Largest City and the Capital

of the South

Rank Tenant Rent

1 Woodies €1,140,275

2 Blizzard €971,141

3 New Look €402,318

4 Aldi €368,670

5 Heatons €360,000

6 Argos €303,868

7 HSE €270,000

8 Sam McCauley €245,000

9 Next €227,025

10 Boots €225,000

TOTAL €4,513,297

Top 10 Tenants

€8.13m initial rent pa with a combined WAULT

of 8.56 years


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CORKTRAIN STATION

WESTERN ROAD

LOWER GLANMIRE ROAD

DYKE PARADE

BACHELOR’S QUAY

COMMONS ROAD

N20

LEITRIM

STRE

ET

HORGANS QUAY

ALB

ERT STREET

MERCHANTS QUAY

GEORGE’S QUAY

PLAS PARNELL

SOUTH MALL

R846

SUNDAY WELLS ROAD

POPES QUAY

SHAN

DON

STR

EET

WAT

ERC

OU

RS

E RO

AD

RE

DFOR

GE R

OAD

DU

BLIN

HIL

L

NORT H RING ROAD

R635

SUUMERHILL NORTH

BALL

YHOOLY ROAD

MIDDLE GLANMIRE ROADBAK

ER’S

ROAD

FAIRFIE

LD A

VEN

UE

CATHEDRAL ROAD

FAIR HILL

LOWE R KIL

LEEN

S ROAD

UPPER FAIRHILL

BLARNEY STREET

KNOC

KFRE

E AV

EN

UE

K

NOCKP

OGU

E A

VEN

UE

FAIRFIELD ROAD

KILMORE HEIGHTS CHURCHFIELD RAD

HARB

OUR VIEW ROAD

HOLLYHILL LNN

. MAI

N S

T

OLIVER PLUNKLETT STREET

VICTORIA ROAD

KENNEDY QUAY

POPHAM’S ROAD

OLD YOUGHAL STREET

HARDWICK STREET

RIC

HM

OND

HILL

GLEN AVENUE

ASSU

MPT

ION ROAD

ST MARY’S HEALTH CAMPUS

RIVER LEECORK CITY CENTRE

CORK CITY CENTRE

N17

N6

N22

N21

N18

N18

N18

N6

N17

N17

N17N4

N5

N25

N11

N11

M1

N2

A1

A1

A1

A28

A29

A29

A6

A2

A2

A2

A2

M2

A3

A3A4

A4 M1

A5

A5

A5

A32

N3

A4N16

N15

N15

N15

N15

N14

N13

A26

A505

A32

N5 N5

A26

N25

N79

N80

N78

N77N

76

N62

N62

N52

N52

N66

N63

N63 N61N55

N55

N55

N60

N60

N57N59

N59

N59

N84

N59

N59

N59

N56

N56

N56

N56

N56

N83

N60

N52

N52

N51

N51

N54N54

N69

N85

N69

N70

N70 N71

N71

N71

N71

N73

N72

N72

N72

N74

N67

N67

N68

N81

Emyvale

Kilrea

Howth

Cleggan

An Spidéal (Spiddal)

Portumna

Kinsale

Courtown

Gorey

Portaferry

Bangor

Downpatrick

Ballyclare

Newcastle

Aughnacloy

Magherafelt

DromoreIrvinestown

Newtownstewart

Lifford

Ballybofey

Rossnowlagh

Stranorlar

Buncrana

Ballyliffen

MovilleCarndonagh

Greencastle

MalinCuldaff

Portsalon

RathmullenMilford

Dunfanaghy

Gortahork

An Bun Beag (Bunbeg)

Ailt an Chorráin (Burtonport)

Gaoth Dobhair(Gweedore)

An Clochán Liath(Dungloe)

Carnlough

Ballymoney

Ballycastle

Portrush

Limavaddy

Dungiven

Ardara

Glenties

Gleann Cholm Cille(Glencolumbkille)

Malinmore

Killybegs

Kilcar

Beleek

BundoranMullaghmore

Grange

Strandhill

DrumcliffManorhamilton

DromahairDerrylin

SwanlinbarBallyconnell

Inishcrone

Crossmolina

Killala

Ballycastle

Bangor Erris

Béal an Mhuirthead(Belmullet)

KeelCashel

Mulrany

Newport

Foxford

Swinford

Ballymote

Collooney

Castlebaldwin

Tubbercurry

CharlestownBoyle

DrumshanboBallinamore

Belturbet

Cootehill

Clones

Carrickmacross

Iniskeen

Kingscourt

Shercock

Kilkeel

Virginia

Kells

Athboy BALBRIGGAN

Rush

Swords

Greystones

Avoca

Rathdrum

Glendalough

Clane

Trim

Kinnegad

GranardStrokestown

CastlereaBallyhaunis

Knock

ClaremorrisLouisburgh

Roonah Quay

LeenáunRenvyle

Letterfrack

Clifden Sraith Salach(Recess)

Roundstone

Ballyconneely

Cárna (Carna)

Oughterard

Headford

CongClonbur

Ballinrobe

An Cheathrú Rua (Carraroe)Ros an Mhil (Rossaveal)

SalthillInverin

Oranmore

Athenry

Kilreekill

Mount Bellew

Lanesborough

Banagher

Clonmacnoise

TerryglassGort

DromineerScarriff

Killaloe Templemore

Holycross

Urlingford

Durrow

Abbeyleix

Stradbally

Newbridge

Ballyvaughan

Lisdoonvarna

Ennistymon

Lahinch

Miltown Malbay

Kilkee

Kilbaha

KillimerFoynes

TarbertBallybunion

BallyheigeAbbeyfeale

Rathkeale Adare

Kilmallock

Charleville

Camp

Castlegregory

An Daingean(Dingle)

Killorglin

Glenbeigh

Cahirciveen

Waterville

Sneem

Castletown Bere

Schull

Baltimore

RosscarberyClonakilty

Courtmacsherry

Dunmanway

Inchigeelagh

MacroomBlarney

Bandon

BallycottonCrosshavenCarrigaline

Ardmore

Millstreet

Kanturk

Buttevant

Fermoy

Watergrasshill

Cahir

Lismore Dunmore East

Kilmore Quay

WellingtonBridge

Ballyhack

Passage East

Ferns

Bunclody

Callan

Thomastown

Bagenalstown

Castleblayney

Banbridge

Newtownards

Rosslare

Goleen

Doolin

Cashel

Blessington

Tallaght

Baltinglass

Cappoquin

Portstewart

CushendunCushendall

Whitehead

Ballinahinch

Donaghadee

Hillsborough

Warrenpoint

Carlingford

Tandragee

Keady

Dunleer

Kilbeggan

Castlepollard

Easkey

Dromore West

Cliffs of Moher

Coleraine

Tullamore

Bantry

Kilkenny

Lisburn

Armagh

Ballina

Castlebar

Longford

Roscommon

Shannon

Kenmare

Youghal

Dungarvan

Newry

Monaghan

Enniskillen

Larne

Donegal

Sligo

Dundalk

Drogheda

Dun Laoghaire

Bray

Mullingar

Athlone

EnnisNenagh

Portlaoise

Naas

Tralee

Mallow

Tipperary

Clonmel

Wexford

New Ross

Carlow

Westport

Cavan

Enniscorthy

Tramore

CobhMidleton

Mitchelstown

Tuam

Ballinasloe

Loughrea

Ballyshannon

Letterkenny

Ballymena

LurganPortadown

Strabane

Cookstown

Dungannon

Omagh

Ardee

Navan

Maynooth

Athy

KildareBirr

Edenderry

Newcastle West

Carrick-on-Suir

Thurles

Portarlington

Wicklow

Arklow

CarrickfergusAntrim

Rosslare Harbour

Carrick-on-Shannon

Galway DUBLIN

LIMERICK

Waterford

Belfast

Derry

N3

N3

N3

N2

N2M1

M1

M1

M50M4

M7

N7

N7

N8

N9

N11

N11M9

N6

N4

N4

N9

N25

N9

N10

N10

N9

N24

N8

N8

N8

N25

N25

N22

N22

N25

N8N21

N21

N20

N20

N20

N20

N18

N8

N25

N7

N7

CORK

CorkCork city is split into north and south by the river Lee. Numerous major schemes battle for available retail spend on the south side of Cork, however on the north side of the city there is one dominant retail offer - Blackpool Shopping Centre and Retail Park.


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SERVICE YARD

UNIT 39

VACANT

McDONALD’S

XTRA VISION

BANK OF

IRELAND

CARD COMPANY

RF P

AIN

TS

BOYL

E SP

ORTS

PETER MARK

1ST FLOOR UNIT

SOUND STORE

BAGEL FACTORY

HOLLAND &

BARRET

SAM

McCAULEY

FALCON

CLAIRES

GERARD

FASHION

BOOKSTATION

UNIT 7 VACANT

BUTCHERS BLOCK

ECCO

ART & HOBBY

SHOE ZONE

JEAN DEPOT

CARPHONE

WAREHOUSEPOST OFFICE

NEW LOOK

CUMMINS

SPORT

EUROGIANT

NEVILLE J.

GOLDEN DISCS

HOMEFRONT

GAMESTOP

NAME IT

FT

METEOR

VERO MODA

JESSICAS

DUNMAR

DUNNES STORES

WOODIE’S DIY& GARDEN CENTRES

(CAR PARK ABOVE)

(OFFICES ABOVE)

BOOTS

CARPET RIGHT

BLOCK FVACANT

ARGOS EXTRA

COSTACOFFEE

MAPLIN ELECTRONICS

LIFESTYLE SPORTS

NEXT HOMEFIN

E W

INES

VACA

NT

KAF

KAS

VACA

NT

AIB

BAN

K

DNG

ROCK

IN’ J

OES

HEATONS

ALDI

LIMERICK - CORK ROAD

Entrance to Car Park

Ground Floor Entrance to CinemaGround Floor Entrance to Cinema


AUTO FAST

Blackpool has the attraction of scale representing a major retail offering. It comprises a Shopping Centre with food/clothing anchor, plus a large partly open use Retail Park with ancillary office, residential, leisure, community and convenience uses in one location with 1,800 free car spaces.


31

The scheme comprises a purpose built Shopping Centre

and largely open use Retail Park

Not to scale and for indicative purposes only.

Units shaded orange held long leasehold by occupiers

SERVICE YARD

UNIT 39

VACANT

McDONALD’S

XTRA VISION

BANK OF

IRELAND

CARD COMPANY

RF P

AIN

TS

BOYL

E SP

ORTS

PETER MARK

1ST FLOOR UNIT

SOUND STORE

BAGEL FACTORY

HOLLAND &

BARRET

SAM

McCAULEY

FALCON

CLAIRES

GERARD

FASHION

BOOKSTATION

UNIT 7 VACANT

BUTCHERS BLOCK

ECCO

ART & HOBBY

SHOE ZONE

JEAN DEPOT

CARPHONE

WAREHOUSEPOST OFFICE

NEW LOOK

CUMMINS

SPORT

EUROGIANT

NEVILLE J.

GOLDEN DISCS

HOMEFRONT

GAMESTOP

NAME IT

FT

METEOR

VERO MODA

JESSICAS

DUNMAR

DUNNES STORES

WOODIE’S DIY& GARDEN CENTRES

(CAR PARK ABOVE)

(OFFICES ABOVE)

BOOTS

CARPET RIGHT

BLOCK FVACANT

ARGOS EXTRA

COSTACOFFEE

MAPLIN ELECTRONICS

LIFESTYLE SPORTS

NEXT HOMEFIN

E W

INES

VACA

NT

KAF

KAS

VACA

NT

AIB

BAN

K

DNG

ROCK

IN’ J

OES

HEATONS

ALDI

LIMERICK - CORK ROAD


Ground Floor Entrance to CinemaGround Floor Entrance to Cinema


AUTO FAST


32

The Shopping Centre

Blackpool Shopping Centre was developed in 2000. It is a Dunnes Stores anchored shopping centre with 36 mall units (only one of which is vacant) together with an extensive surface car park with 700 spaces. There are two additional stand-alone buildings outside the north mall entrance and comprise retail at ground floor with mixed use accommodation including the local council library and health centre. In addition, Autofast have also recently built a single storey unit within the car park.

Total floor area of the Shopping Centre is 72,800 sq ft (excluding Dunnes Stores). There are 36 mall units and 6 kiosks in a clean linear arrangement. The centre generates footfall of 3,400,000 per annum (2013).

The Shopping Centre generates €3,646,000 per annum and has a WAULT of 7.83 years. 47% of the income is from top international tenants which include New Look, Holland & Barrett, McDonalds, Bank of Ireland and ShoeZone amongst others.


33

The Retail Park & OfficesBlackpool Retail Park was completed in 2004. It is a highly successful mixed use scheme including overhead office and apartments. The majority of the retail units and some of the overhead offices form part of the sale providing 204,573 sq ft of retail and 79,961 sq ft of office along with the multi-storey and surface car park.

The apartments, remaining offices and cinema have been sold off separately.

The Retail Park and Offices generates €4,491,298 per annum in rent. Approximately 77% of this income is from the retail tenants with the balance from office tenants Diageo and Blizzard Entertainment. The Park has an excellent retail offer with Woodies, Aldi, Argos, Boots, Maplin, Next Home and Costa Coffee making up nearly 90% of the retail rent.

Blackpool Shopping Centre and Retail Park offers the buyer a prime stake in Ireland’s second largest city of Cork. Well established and almost fully occupied, this asset is poised to take full advantage of the Irish consumer confidence and spending recovery.

BER Details

• BER Rating: B1-D3• BER No’s: Available from Joint Agents• Energy Performance Indicator: Available from Joint Agents


34

Millfield Shopping Centre,Balbriggan

Millfield Shopping Centre is located in a commanding and highly visible position on the Naul Road, adjacent to the existing town centre of Balbriggan and approximately 1 km west of the Main Street. It benefits from excellent access off the upgraded local road network and M1 motorway (at Exit 6), which has in excess of 50,000 road users at this point per day. The centre is served by new junctions on the Naul Road and the Stephenstown Distributor Road. This, along with 1,367 car spaces, ensures hassle free shopping trips. Millfield Shopping Centre dominates its catchment. There are no other sites within the locality to develop a retail scheme that would rival Millfield. The scheme’s catchment has expanded by 120% in the past 10 years. This along with future growth projections within the catchment zone leaves Millfield poised to capitalise from this growth. Millfield Shopping Centre is a bright and airy modern shopping centre which is anchored by one of the largest Tesco stores in Ireland. It also features over 30 other retail units, a dedicated food court, 6 external units, a number of kiosks and a drive-thru restaurant as well as 1,367 car spaces.


35

Millfield Shopping Centre is a modern shopping centre, anchored by one of the largest Tesco stores in Ireland


36

Harry Reynold Street

R32 Drogheda StreetBalbriggan Rail Station

TO JCT 6 M1 DUBLIN TO BELFAST ROAD

>

R122 Clonnard Road


37


BALBRIGGAN CENTRE


38


39

Modern shopping centre representing the dominant retail scheme

within the catchment area

More than 2.6 million visitors

per annum, all benefiting

from over 1,367 free car spaces

Potential to increase income

through completion of agreed

letting deals

Approximately 185,000 sq ft of

retail space

Various development

opportunities on surrounding sites to include Phase

2 extension, petrol filling station,

and others

Anchored by one of Ireland’s largest Tesco stores

trading over two levels

65% of income from Tesco Ireland with 16.9 yearsterm certain

Balbriggan is Ireland’s fastest growing town,

with a population increase of

120% over the past 10 years

€3.6million initial rent p.a with a WAULT of 13.5 years

Facts and Figures

Rank Tenant Rent

1 Tesco €2,340,820

2 Euro 50 €175,000

3 McDonalds €135,000

4 Boots €93,600

5 More 4 Less €60,000

6 Cuddles €50,000

7 Easons €40,875

8 Holland & Barrett €40,542

9 Gleeson’s Butchers €40,000

10 O’Briens €40,000

Total €3,015,837

Top 10 Tenants


40

R122

CLONARD ROAD

CHAPEL STREET

R32 DROGHEDA STREET

HARRY REYNOLDS RD

HARRY REYN

OLD ST

HARRY REYNOLD ST

R132

OLD MARKET GREEN

SKERRIES ROAD

QUAY STREET

LAMBEECHER

HAMPTON

CO

VE

THE BOWER

HAMPTON STREET

CLONARD STREET

CLONARD STREET

NAUL ROAD

CLONARD ROAD

DAN SAITHNE VIEW

CASTLE

LAND COURT

WESTBROOK PARK

WESTBROOK AV

MOYLARAGH RD

THE PAR

K

MOYLARAGH

CRESCENT

HAMLET LANE

BARONS HALL GORVE

THE RISE

HIG

H S

T

CHIEFTAIN’S DR IVE

C H APEL GATE

DERHAM PK

STEPHENSTOWN

STEP

HEN

STOW

N

M1

Jct 6

BALBRIGGANTRAIN STATIONBALBRIGGAN

COMMUNITYCOLLEGE

DU

BLI

N S

TREE

T

N17

N6

N7

N8

N8

N8

N8

N8

N22

N22

N22

N21

N21

N21

N20

N20

N20

N20

N25N25

N25

N25

N7

N18

N18

N18

N18

N6

N17

N17

N17N4

N5

N9

N10

N10

N9

N25

N25

N11

N11

M1

N2

A1

A1

A1

A28

A29

A29

A6

A2

A2

A2

A2

M2

A3

A3A4

A4 M1

A5

A5

A5

A32

N3

A4N16

N15

N15

N15

N15

N14

N13

N24N24

A26

A505

A32

N5 N5

A26

N25

N79

N80

N78

N77

N76

N62

N62

N52

N52

N52

N66

N63

N63 N61N55

N55

N55

N60

N60

N57N59

N59

N59

N84

N59

N59

N59

N56

N56

N56

N56

N56

N83

N60

N52

N52

N51

N51

N54N54

N69

N85

N69

N70

N70 N71

N71

N71

N71

N73

N72

N72

N72

N74

N67

N67

N68

N81

Emyvale

Kilrea

Howth

Cleggan


Portumna

Kinsale

Courtown

Gorey

Portaferry

Bangor

Downpatrick

Ballyclare

Newcastle

Aughnacloy

Magherafelt

DromoreIrvinestown

Newtownstewart

Lifford

Ballybofey

Rossnowlagh

Stranorlar

Buncrana

Ballyliffen

MovilleCarndonagh

Greencastle

MalinCuldaff

Portsalon

RathmullenMilford

Dunfanaghy

Gortahork





Carnlough

Ballymoney

Ballycastle

Portrush

Limavaddy

Dungiven

Ardara

Glenties


Malinmore

Killybegs

Kilcar

Beleek

BundoranMullaghmore

Grange

Strandhill


DromahairDerrylin


Inishcrone

Crossmolina

Killala

Ballycastle

Bangor Erris


KeelCashel

Mulrany

Newport

Foxford

Swinford

Ballymote

Collooney

Castlebaldwin

Tubbercurry

CharlestownBoyle


Belturbet

Cootehill

Clones

Carrickmacross

Iniskeen

Kingscourt

Shercock

Kilkeel

Virginia

Kells

Athboy

Rush

Swords

Greystones

Avoca

Rathdrum

Glendalough

Clane

Trim

Kinnegad

GranardStrokestown


Knock


Roonah Quay

LeenáunRenvyle

Letterfrack


Roundstone

Ballyconneely

Cárna (Carna)

Oughterard

Headford

CongClonbur

Ballinrobe


SalthillInverin

Oranmore

Athenry

Kilreekill

Mount Bellew

Lanesborough

Banagher

Clonmacnoise

TerryglassGort

MountshannonDromineerScarriff

Tulla

Killaloe Templemore

Holycross

Urlingford

Durrow

Abbeyleix

Stradbally

Newbridge

Ballyvaughan

Lisdoonvarna

Ennistymon

Lahinch

Miltown Malbay

Kilkee

Kilbaha

Killimer

FoynesTarbertBallybunion

Ballyheige

Castleisland

Abbeyfeale

RathkealeAdare

Kilmallock

Rath Luirc (Charleville)

Camp

Castlegregory

An Daingean(Dingle)

Killorglin

Glenbeigh

Cahirciveen

Waterville

Sneem

Glengarriff

Castletown Bere

Schull

Baltimore


Courtmacsherry

Dunmanway

Inchigeelagh

Macroom Blarney

Bandon


Ardmore

Millstreet

Kanturk

Buttevant

Fermoy

Watergrasshill

Cahir


Kilmore Quay

WellingtonBridge

Fethard

Ballyhack

Passage East

Ferns

Bunclody

GraiguenamanaghCallan

Thomastown

Bagenalstown

Tullow

Castleblayney

Banbridge

Newtownards

Rosslare

Goleen

Doolin

Cashel

Blessington

Tallaght

Baltinglass

Cappoquin

Portstewart

CushendunCushendall

Whitehead

Ballinahinch

Donaghadee

Hillsborough

Warrenpoint

Carlingford

Tandragee

Keady

Dunleer

Kilbeggan

Castlepollard

Easkey

Dromore West

Cliffs of Moher

Coleraine

Tullamore

Bantry

Kilkenny

Lisburn

Armagh

Ballina

Castlebar

Longford

Roscommon

Shannon

Listowel

Kenmare

Youghal

Dungarvan

Newry

Monaghan

Enniskillen

Larne

Donegal

Sligo

Dundalk

Drogheda

Dun Laoghaire

Bray

Mullingar

Athlone

EnnisNenagh

Portlaoise

Naas

Tralee

KillarneyMallow

Tipperary

Clonmel

Wexford

New Ross

Carlow

Westport

Cavan

Enniscorthy

Tramore

CobhMidleton

Mitchelstown

Kilrush

Tuam

Ballinasloe

Loughrea

Ballyshannon

Letterkenny

Ballymena

LurganPortadown

Strabane

Cookstown

Dungannon

Omagh

Ardee

Navan

Maynooth

Athy

KildareBirr

Edenderry

Newcastle West

Carrick-on-Suir

Thurles

Roscrea

Portarlington

Wicklow

Arklow

CarrickfergusAntrim

Rosslare Harbour

Carrick-on-Shannon

Skibbereen

Galway DUBLIN

Limerick

Waterford

Cork

Belfast

Derry

N3

N3

N3

N2

N2 M1

M1

M11

M50M4

M7

N7

N7

N8

N9

N11

M9

N6

N4

N4

N9

BALBRIGGAN

BalbrigganBalbriggan is a high growth commuter town in the north Dublin suburbs located just off the M1 motorway. It is the third largest retail centre in North Dublin after Blanchardstown and Swords and is now the main convenience shopping destination in North Fingal. Dublin City Centre is located less than 31 km away, (a mere 40 minute train journey from Balbriggan Train Station). Balbriggan is just 13 km north of Dublin Airport and approximately 22.5 km south of Drogheda. In the Fingal Development Plan 2011-2017 the town is designated a Large Growth Town. Balbriggan is Ireland’s fastest growing large town. The population of the town and its immediate environs is 23,000, representing an increase of 120% over the past 10 years. The immediate area is primarily residential with some high density housing schemes attracting young families. 37% of the Balbriggan population is in the high spending 25 to 44 year age band - well above the national average. The catchment area includes the surrounding towns of Skerries, Lusk, and Rush, which all lack any large shopping centre or comparison shopping offer. This catchment extends to 60,000 and has expanded growth rates of 20.2%, 31.7% and 21.4% over the past 3 census. Balbriggan is a bustling large town, however the main street suffers from a shortage of parking spaces. Millfield Shopping Centre which is also within the town offers customers ease of access and convenient free parking, while providing attractive big name brands for shoppers.


41


42

The scheme is anchored by Tesco and also features over 30 other retail units and a dedicated food court

ENTRANCEPLAZA EAST

ENTRANCEPLAZA WEST

SERVICE YARDSERVICE YARD

SERVICE YARD

CAR PARK

TESCOEXTRA

UNIT 7VACANT

UNIT 6VACANT UNIT 6A

VACANT

VACANT

K1 VACANT

LADBROKESUNIT C2VACANT

UNIT C3VACANT

UNIT C4VACANT

VACANT

GLEESON’SBUTCHERS

CUDDLESPET STORE

UNIT 2VACANT

CARP

HON

EW

AREH

OUSE

NOT

ION

ZSU

PER

FRES

H

MOR

E4LE

SS

EASO

NS

HOL

LAN

D &

BAR

RETT

BOOT

S

GAM

ESTO

P

SPEC

SAVE

RS

UN

IT 9

AVA

CAN

T

BOST

ONBE

LLE

UN

IT 1

6 B

VACA

NT

Ground Floor Level

Not to scale -for indicative purposes only.


43

SURFACECAR PARK

ENTRANCE FROM

SURFACE CAR PARK

MULTI-STOREYCAR PARK

TESCOEXTRA

FC 1MAMA’S KITCHEN

CRUBARBERS

UNIT C7VACANT

UNIT C8VACANT

EURO 50 STORES

UNIT 17AVACANT

UNIT 17BVACANT

VERO

MOD

A

JACK

& J

ONES

VILA

ONLY

NAM

E IT

UN

IT 2

1VA

CAN

T

UN

IT 2

0VA

CAN

T

UN

IT 2

2VA

CAN

T

FC 4

VACA

NT

O’BR

IEN

S

UN

IT 2

8VA

CAN

T

PHASE 2 FUTURE UNIT

K3

First Floor Level



44

The Shopping Centre

Millfield Shopping Centre was completed as recently as 2011. The scheme of 17,249 sq m (185,669 sq ft) extends to 2 storeys over a basement car park. It is anchored by the largest Tesco Extra in Dublin, at 9,926 sq m trading over two levels. The Tesco rent of just over €2.34m per annum flows from an upward only lease with 16.9 years term certain remaining. This income is complemented by occupiers such as McDonalds, Euro50, Carphone Warehouse, Boots, Specsavers, Ladbrokes and Natures Way. Together with Tesco, these household names alone represent 84% of the scheme income and provide a Weighted Average Unexpired Lease Term (WAULT) of 13.5 years. With the retail market improving there has been increased interest from potential occupiers for Millfield Shopping Centre, with a number of bids from potential tenants. This will allow the purchaser the opportunity to asset manage the scheme to increase tenant occupancy, footfall and rental income. Extensive car parking is available with 952 car spaces provided. A further 415 spaces have been built in the multi-storey car park and will be available for use when Phase 2 opens. The Shopping Centre generates a total of approximately €3.6m per annum in rent and has a WAULT of 13.5 years. 65% of the income is from Tesco Extra, while 77% of the income is attributable to Tesco, McDonalds and Euro 50. The income has potential to grow on completion of a number of agreed letting deals. There is also potential to increase turnover and footfall for the centre through the development of a petrol station on one of the adjoining sites.


45

Adjoining LandsThe entire site area is approximately 7.42 ha / 18.33 acres with extensive road frontage to the Naul Road. There is an existing planning permission for a petrol filling station and further opportunities, subject to planning, such as a cinema, pub or other leisure uses could be added over time to take advantage of economic recovery, population growth and the generous existing parking.

Millfield Shopping Centre boasts one of the largest Tesco stores in the country as its anchor offering just under €2.35m annual income flow from an upward only lease with 16.9 years term certain.

1. Tesco

2. McDonalds

3. Potential Petrol Station

4. Potential Cinema S.P.P.

5. Potential Pub & Neighbourhood Scheme S.P.P.

3

1

24

5

BER Details



46

Showgrounds Shopping Centre, Clonmel

Showgrounds Shopping Centre is just over 5 minutes’ walk from the town centre, and is a magnet in itself as well as the natural extension of this lively shopping hub. Showgrounds is a purpose built shopping centre completed in 2009. Principal occupiers Marks & Spencer, TK Maxx and Edinburgh Woollen Mills provide a unique draw for shoppers from the wider region. The food offer is also unique to the town with Iceland and Marks & Spencer food.

These anchor tenants are joined by an array of complementary retailers to provide a centre which dominates comparison spend at a regional level. With 360 free car parking spaces it can accommodate both local and regional shoppers with ease. As the economy shows signs of recovery and retail sales improve, Showgrounds Shopping Centre will directly benefit.


47

Principal occupiers Marks & Spencer, TK Maxx and Iceland provide a unique draw for shoppers


48

Galloping Fields

Clonmel Greyhound Stadium

River Suir

R678 (to N24)


49


Galloping Fields

Davis Road (to N24)

CLONMEL CENTRE


50

The retail offering combined with the town,dominates it’s catchment

Anchored by Marks & Spencer,

TK Maxx, Edinburgh

Woollen Mills and Iceland


within the scheme’s bespoke

catchment spending over

€550m per annum

Almost 12 acres of development land

included in sale

Scale of combined offer will protect its inherent value into the future

Footfall up 11% since TK Maxx

opened

Approximately 127,000 sq ft of retail space

More than 1.4m visitors

per annum, all benefiting from over 360 free

car spaces

Clonmel is the capital of the

South Midlands region with

an extensive catchment

€1.515m initial rent pa with a WAULT of 6.97 years

Facts and Figures

Rank Tenant Rent

1 Marks & Spencer €391,000

2 Rockin Joes €184,572

3 TK Maxx* €148,000

4 Argos €100,000

5 Crunch €90,425

6 2,4,6,8,10 €87,780

7 Sam McCauley 79,100

8 Iceland €64,000

9 BB’s Coffee €58,296

10 Golden Disc €36,300

Total €1,239,473

Top 10 Tenants

* Vendor underwrite


51


52

N24N24

N24N24

R689

R688

COOLEENS CLOSE

WESTERN ROAD

QUEEN STREET

PRIO

R PARK

ROA

D

CAHIR ROAD

O’CONNELL STREET

THE QUAY

THOM

AS ST D

ILLON ST

DAVIS ROAD

DAVIS ROAD

R678

R678

R678CO

NVE

NT

ROA

D

ROAR

ING

SPRI

NG

RD

OLD

BR

IDG

E

COLEVILLE ROAD

R680

C

OLEVIL

LE RO

AD

RAHEEN ROAD

KIRKHAM STREET

KING STREE T

TIVOL ROAD

POWERSTO

WN R

OAD

SILVERSPRING RD

ST PARTICK’S ROAD

O’RAHILLY AVECOLLEGE AVE

HEYWOOD ROAD

ALBERT STREET

DUNGARVAN ROAD

GLENEGAD ROAD

GLENC

ONN

ER R

OA

D

OLD SPA ROAD

OLD SPA ROAD

KNOCKUAN COURT

ROWERSTOW

N ROAD

HEYW

OOD R

OAD

PARNELL ST

SOUTH TIPPERARY GENERAL HOSPITAL

CLONMEL TRAIN STATION

CLONMELTOWN CENTRE

CLONMELTOWN CENTRE

N17

N6

N22

N21

N18

N6

N17

N17

N17N4

N5

N25

N11

N11

M1

N2

A1

A1

A1

A28

A29

A29

A6

A2

A2

A2

A2

M2

A3

A3A4

A4 M1

A5

A5

A5

A32

N3

A4N16

N15

N15

N15

N15

N14

N13

A26

A505

A32

N5 N5

A26

N25

N79

N80

N78

N77

N76

N62

N62

N52

N52

N66

N63

N63 N61N55

N55

N55

N60

N60

N57N59

N59

N59

N84

N59

N59

N59

N56

N56

N56

N56

N56

N83

N60

N52

N52

N51

N51

N54N54

N69

N85

N69

N70

N70 N71

N71

N71

N71

N73

N72

N72

N72

N74

N67

N67

N68

N81

Emyvale

Kilrea

Howth

Cleggan


Portumna

Kinsale

Courtown

Gorey

Portaferry

Bangor

Downpatrick

Ballyclare

Newcastle

Aughnacloy

Magherafelt

DromoreIrvinestown

Newtownstewart

Lifford

Ballybofey

Rossnowlagh

Stranorlar

Buncrana

Ballyliffen

MovilleCarndonagh

Greencastle

MalinCuldaff

Portsalon

RathmullenMilford

Dunfanaghy

Gortahork





Carnlough

Ballymoney

Ballycastle

Portrush

Limavaddy

Dungiven

Ardara

Glenties


Malinmore

Killybegs

Kilcar

Beleek

BundoranMullaghmore

Grange

Strandhill


DromahairDerrylin


Inishcrone

Crossmolina

Killala

Ballycastle

Bangor Erris


KeelCashel

Mulrany

Newport

Foxford

Swinford

Ballymote

Collooney

Castlebaldwin

Tubbercurry

CharlestownBoyle


Belturbet

Cootehill

Clones

Carrickmacross

Iniskeen

Kingscourt

Shercock

Kilkeel

Virginia

Kells

Athboy BALBRIGGAN

Rush

Swords

Greystones

Avoca

Rathdrum

Glendalough

Clane

Trim

Kinnegad

GranardStrokestown


Knock


Roonah Quay

LeenáunRenvyle

Letterfrack


Roundstone

Ballyconneely

Cárna (Carna)

Oughterard

Headford

CongClonbur

Ballinrobe


SalthillInverin

Oranmore

Athenry

Kilreekill

Mount Bellew

Lanesborough

Banagher

Clonmacnoise

TerryglassGort

DromineerScarriff

Killaloe Templemore

Holycross

Urlingford

Durrow

Abbeyleix

Stradbally

Newbridge

Ballyvaughan

Lisdoonvarna

Ennistymon

Lahinch

Miltown Malbay

Kilkee

Kilbaha

KillimerFoynes

TarbertBallybunion

BallyheigeAbbeyfeale

Rathkeale Adare

Kilmallock

Charleville

Camp

Castlegregory

An Daingean(Dingle)

Killorglin

Glenbeigh

Cahirciveen

Waterville

Sneem

Castletown Bere

Schull

Baltimore


Courtmacsherry

Dunmanway

Inchigeelagh

Macroom

Blarney

Bandon


Ardmore

Millstreet

Kanturk

Buttevant

Fermoy

Watergrasshill

Cahir


Kilmore Quay

WellingtonBridge

Ballyhack

Passage East

Ferns

Bunclody

Callan

Thomastown

Bagenalstown

Castleblayney

Banbridge

Newtownards

Rosslare

Goleen

Doolin

Cashel

Blessington

Tallaght

Baltinglass

Cappoquin

Portstewart

CushendunCushendall

Whitehead

Ballinahinch

Donaghadee

Hillsborough

Warrenpoint

Carlingford

Tandragee

Keady

Dunleer

Kilbeggan

Castlepollard

Easkey

Dromore West

Cliffs of Moher

Coleraine

Tullamore

Bantry

Kilkenny

Lisburn

Armagh

Ballina

Castlebar

Longford

Roscommon

Shannon

Kenmare

Youghal

Dungarvan

Newry

Monaghan

Enniskillen

Larne

Donegal

Sligo

Dundalk

Drogheda

Dun Laoghaire

Bray

Mullingar

Athlone

EnnisNenagh

Portlaoise

Naas

Tralee

Mallow

Tipperary

Wexford

New Ross

Carlow

Westport

Cavan

Enniscorthy

Tramore

CobhMidleton

Mitchelstown

Kilrush

Tuam

Ballinasloe

Loughrea

Ballyshannon

Letterkenny

Ballymena

LurganPortadown

Strabane

Cookstown

Dungannon

Omagh

Ardee

Navan

Maynooth

Athy

KildareBirr

Edenderry

Newcastle West

Carrick-on-Suir

Thurles

Portarlington

Wicklow

Arklow

CarrickfergusAntrim

Rosslare Harbour

Carrick-on-Shannon

Galway DUBLIN

LIMERICK

WATERFORD

CORK

Belfast

Derry

N3

N3

N3

N2

N2M1

M1

M1

M50M4

M7

N7

N7

N8

N9

N11

N11M9

N6

N4

N4

N9

N25

N9

N10

N10

N9

N24

N8

N8

N8

N25

N25

N22

N22

N25

N8N21

N21

N20

N20

N20

N8

N24

N25

N7

N7

N18

N18

CLONMEL

ClonmelClonmel is the county town and primary service centre of South Tipperary in the south of Ireland. Approximately 171 km south west of Dublin and 100 km north east of Cork, Clonmel is Tipperary’s largest town with a population of approximately 18,124 (Census 2011) and an extensive hinterland with a combined catchment of approximately 106,000 people.

The town has a strong base of employment activity and is emerging as a core location for the pharmaceutical industry. Companies such as Abbott, Clonmel Healthcare and Merck, Sharp and Dohme amongst others have plants and research facilities in the area. Other key employers in the town include C&C Group, the manufacturers of Bulmers Cider and South Tipperary General Hospital. It is also an administrative centre with a strong element of local authority employment.

Clonmel is a busy market town, with a lively centre offering comparison shopping for the entire south midlands region. High Street fashion retailers include Penneys, River Island, Dunnes Stores and New Look and a range of local independent boutiques. Other retailers including Boots, Vodafone, Ladbrokes, Easons, Specsavers and all the major banks join an array of food operators, convenience stores and other services to provide an attractive shopping destination in a bustling and attractive town.

Showgrounds is the natural extension of the town, which combine to form a major comparison draw for the wider Midlands Region.


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54

Ground Floor Level


SERVICE YARD

UNITS

MALL AREA

SERVICE AREA

ROAD

TO SER

VICE YARD

THE

EDIN

BURG

H

WOO

LLEN

MIL

PAM

ELA

SCOT

T

SPOR

TS S

AVER

S

EASO

N

ARGO

S

MARKS & SPENCER

TK MAXX

SAM McCAULEY

UNIT 19 VACANT

VACANT

BB’S COFFEE&

MU

FFINS

VILA

EVOLUTION

ONLY

LITTLEPIGGYS

NAM

E IT

UN

IT 10AVACAN

T

DAME

FINE WINES

CRUNCHEVERYTHING 2,4,6,8,10

UNIT 21 VACANT

UNIT 22 VACANT

ICELAND UN

IT 2

3AVA

CAN

T

ROCK

IN’ J

OE’S

GOLD

ENDI

SCS

UNIT 9VACANT

UNIT 8VACANT

UNIT 7VACANT

AE JEWELLERS

UNIT 5AVACANTU

NIT

6VA

CAN

T

RAMP TO ROOF CAR PARK

MALL

MALL

MAL

L

DAVIS ROAD

DAVIS ROAD

SERVICE YARD

UNITS

MALL AREA

SERVICE AREA

ROAD

TO SER

VICE YARD

THE

EDIN

BURG

H

WOO

LLEN

MIL

PAM

ELA

SCOT

T

SPOR

TS S

AVER

S

EASO

N

ARGO

S

MARKS & SPENCER

TK MAXX

SAM McCAULEY

UNIT 19 VACANT

VACANT

BB’S COFFEE&

MU

FFINS

VILA

EVOLUTION

ONLY

LITTLEPIGGYS

NAM

E IT

UN

IT 10AVACAN

T

DAME

FINE WINES

CRUNCHEVERYTHING 2,4,6,8,10

UNIT 21 VACANT

UNIT 22 VACANT

ICELAND UN

IT 2

3AVA

CAN

T

ROCK

IN’ J

OE’S

GOLD

ENDI

SCS

UNIT 9VACANT

UNIT 8VACANT

UNIT 7VACANT

AE JEWELLERS

UNIT 5AVACANTU

NIT

6VA

CAN

T

RAMP TO ROOF CAR PARK

MALL

MALL

MAL

L

DAVIS ROAD

DAVIS ROAD


55

The Scheme offers 29 internal mall units totalling 127,161 sq ft

(11,813 sq m)

VACA

NT

RAMP TO SURFACE

First Floor/Roof Level



56

The Shopping Centre

Showgrounds Shopping Centre was developed in 2009. The estimated cost to develop the centre was in excess of €20 million, excluding land. The internal mall has 29 units totalling 127,161 sq ft (11,813 sq m). Marks & Spencer offers both drapery and a Food Hall and is complemented by a newly opened TK Maxx department store. The scheme has 3 external units fronting the surface car park and a number of internal kiosk units. 360 car spaces are provided at surface and roof top level.

The Shopping Centre generates €1,515,203 per annum with a WAULT of 6.97 years. 50% of the income is from the top 5 tenants, being Marks & Spencer, Argos, Iceland, Edinburgh Woollen Mills and TK Maxx.


57

Adjoining LandsPart of the offering includes ‘The Galloping Fields’. This is a Greenfield site of approximately 12 acres situated diagonally opposite the rear of Showgrounds Shopping Centre. The Dunnes Stores Shopping Centre is clearly visible at the western end of the site. These lands could accommodate a Phase 2 development of the shopping centre, or another type of retail or mixed use development, subject to planning.

The lands are zoned C.1.1 “Commercial” under the Clonmel & Environ Development Plan 2013.

“To provide for mixed commercial facilities that do not compete with the Town Centre function”

Clonmel is a growing town that dominates its surrounding catchment. From a retailing perspective, Showgrounds Shopping Centre offers a critical mass of desirable retailers and dominates comparison spend at a regional level. As the economy shows signs of recovery and retail sales improve, Showgrounds Shopping Centre will directly benefit.

Outline for indicative purposes only

BER Details



58

Further InformationA detailed Information Memorandum, Tenancy Schedule and additional documentation for each of the properties is available on the dedicated data room.

To request access please go to: www.acornportfolio.com

Contact

BannonHambleden House, 19/26 Pembroke Street Lower, Dublin 2, Irelandwww.bannon.ie

JLL10/11 Molesworth Street, Dublin 2, Ireland

www.jll.ie

Roderick NowlanInvestment Director+353 (0) 1 647 [email protected]

John MoranManaging Director+353 (0) 1 673 [email protected]

Neil BannonManaging Director+353 (0) 1 647 [email protected]

Margaret FlemingInvestment Director +353 (0) 1 673 [email protected]

David CarrollAssociate Director+353 (0) 1 647 [email protected]

Brian ShieldsSurveyor+353 (0) 1 673 [email protected]

Solicitors

EvershedsOne Earlsfort CentreEarlsfort TerraceDublin 2 Ireland

JW O’Donovan Solicitors53 South Mall CorkIreland

Sean Greene+353 (1) 664 4278 [email protected]

Jerome O’Sullivan+353 (21) 730 [email protected]

PROPERTY MISREPRESENTATION ACTThe joint agents and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Bannon, JLL nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Bannon, JLL nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland.Designed and produced by Creativeworld. Tel +44 [0] 1282 858200


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