Although the deal's exact financial details have not been made public, prior media sources have indicated that it is worth approximately €600 million, which is less than the €650 million that was sought when it went on sale last year.

Through Blanche Developments Limited and The Blanchardstown Fund, Goldman Sachs presently owns the shopping mall, two nearby retail parks and an office building.

The deal is supposed to involve both of those businesses. The Competition and Consumer Protection Commission announced last week that it had been informed about the proposed agreement.

In 2020, the US private equity firm Blackstone sold the centre to Goldman Sachs for an estimated €750 million.

It had been purchased by Blackstone for €950 million from Green Property four years prior. With more than 180 stores and eateries spread across 1.2 million square feet, the centre receives about 17 million visitors annually and offers 5,500 parking spots.

According to SVP, the center's food and beverage options would see major upgrades.

It stated that in order to improve the center's appeal and solidify its standing as a top retail destination for both tenants and tourists, it will collaborate closely with Fingal County Council, current tenants, and Falcon Asset Management.

Mike Ungari, Global Head of Real Estate at SVP, stated, "As a focal point in Dublin's retail industry, we're excited by the opportunities Blanchardstown Centre presents."

"Our goal is to build on the facility's strengths, and we are committed to ensuring Blanchardstown continues to set the benchmark for retail and leisure excellence in the region."