The village opened in 2007
The British property group Hammerson, which holds a 50% stake in Dundrum Town Centre and plans a landmark development on Dublin’s O’Connell Street, has sold its stake in the parent company of Kildare Village, according to the Irish Independent.
In a statement, Hammerson announced it is generating £600 million (€712 million) in cash proceeds by divesting its "overweight, non-controlling, and yield-dilutive interest" in Value Retail.
This move ensures a "clean exit from a complex structure at an attractive price."
The buyer is L Catterton, a private equity firm supported by LVMH Moet Hennessy Louis Vuitton, a luxury fashion conglomerate.
Value Retail specializes in creating luxury shopping destinations and operates nine such venues across Europe.
Value Retail holds a 41% stake in Kildare Village, which opened in 2007 and has undergone several expansions.
Luxury brands such as Prada, Polo Ralph Lauren, and Mulberry are among the tenants.
Gardaí Warn Drivers After 150 Caught Drink or Drug Driving Over Christmas Period
An Garda Síochána Release Image of Getaway Car Found Burnt Out In Naas Used In Fatal Offaly House Fire
Pedestrian Dies After Collision On R445 Monasterevin Road Outside Kildare Town
Gardaí Continue Their Road Traffic Enforcement Operation Throughout The Christmas Period
New Quality Mark To Be Introduced To Crack Down On Bogus English Language Schools
Kildare Set For Freezing Temperatures As Wintry Showers Forecast
Locals Are Being Advised To Make New Years Celebrations Stress-Free For Their Pets
Kfm Recruiting for Advertising Sales Dept.
