The Arena Centre, located at the junction of the N81 and Whitestown Way in Tallaght, south Dublin, is back on the market with a guide price of €45 million. The sale of the investment by agent JLL comes just over three years after it was acquired by UK-headquartered private equity real estate manager Henderson Park as part of its record-setting €1.34 billion purchase of Green Reit. The Arena Centre is a substantial mixed-use development extending to 321,385 sq ft in total and comprises 99,324 sq ft of retail space across eight units, 98,137 sq ft of office accommodation, a 119-bedroom Maldron hotel, which includes an adjoining leisure centre, and a central surface car park. The investment is 98% occupied and offers an attractive weighted average unexpired lease term (WAULT) to break/expiry of approximately 6.8 years and an annual income of €3.77 million.
