Marlet Property Group Announces Acquisition of Three Retail Parks

Marlet Property Group, in partnership with Bank of Ireland Corporate Banking Property Finance Group, is proud to announce the acquisition of three well known retail parks.

Marlet has grown to become on of Ireland’s largest independently owned property development companies. This latest transaction sees Marlet acquiring three retail parks: Belgard Retail Park in Tallaght, Dublin 24, M1 Retail Park in Drogheda, Co. Louth, and Poppyfield Retail Park in Clonmel, Co. Tipperary.

Commenting on the transaction, Paul McDonnell, Head of Property Finance Group, Bank of Ireland, said “we are delighted to support Marlet in their acquisition of these retail assets. As one of Ireland’s most active developers across all sectors, we look forward to deepening our relationship and wish them continued success in the future”.

Pat Crean, CEO, Marlet Property Group stated: “It was a pleasure to work with Bank of Ireland on this transaction. Throughout the financing process their Corporate Banking Team were responsive, diligent and pragmatic. We look forward to continuing to work with them to enhance and improve each of these retail parks.”