The property has been brought to the market by Savills on behalf of its owners, Aviva, at a guide price of €27 million. The Pavilions Shopping Centre meanwhile is north Dublin’s largest retail destination with over 500,000sq ft of retail and leisure space. Aviva halted withdrawals in January from its Friends First fund and its Aviva Irish Property Fund, which had combined assets under management of about €940 million. The change indicates an intention to sell property at some point, although Aviva at the time said the Friends First fund had no plans to sell property “due to liquidity concerns” . Aviva’s Friends First Irish Commercial Property Fund already had two properties at various stages of the sales process before it halted withdrawals, the company had said.

Source: The Irish Times June 17, 2020 04:52 UTC