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.
Kfm Obituary Notices
€2m Upgrade To Wastewater Pumping Station Completed In Loughbollard
Kildare County Council Reaches Agreement To Develop Fire Station In Monasterevin
Commander Alex Quigley Report's High Morale Among Irish Troops In Lebanon
Three People Arrested Over Suspected Murder Of William Delaney Released Without Charge
Council Acquired Seven Derelict Properties Through Compulsory Purchase Orders Last Year
Works For A New Bus Stop In Maddenstown Set To Take Place In May
