Grand Coast Capital Group has acquired Ireland-based Skerries Point Town Centre, a retail and office property. No financial terms were disclosed.
Boston, MA (July 10, 2017) – Grand Coast Capital Group, a national real estate investment and private lending firm, announced today that it has acquired Skerries Point Town Centre, a 69,000 sq. ft. retail and office property located in Skerries, County Fingal, Ireland. Positioned just 1.2 miles from Skerries town center, this mixed-use property presents a valuable opportunity for significant positive positioning and includes a variety of up-and-coming local and national tenants including Boylesports, Eurospar, Fresh Kitchen, Well Fit, and Brady’s Pharmacy, among others.
This acquisition advances Grand Coast Capital’s tactical investment strategy in Ireland, providing the firm with a prime opportunity to build value and drive occupancy in partnership with a local operator. With this acquisition, Grand Coast plans to unlock significant value through lease-up and active management, and has already been informed of a number of tenants interested in the site.
“Grand Coast’s investment strategy for Skerries Point centers around maximizing the asset’s potential for growth in an effort to bring the space to its full value and capacity,” said Jeff Carter, CEO and founder of Grand Coast Capital Group. “Our partnership with local operators will ensure the successful management of Skerries Point going forward, benefitting current and future tenants and positioning the property as an invaluable resource for the surrounding community.”
Skerries is located approximately 20 miles north of Dublin and is known as a beautiful seaside town with many promising residential developments and easy commuter access. The Town of Skerries is ideally positioned along the M1 Motorway and is easily accessible by Dublin-based bus and train routes. Skerries Point is located beside the area’s most prominent residential developments and offers more than 200 parking spaces, providing ideal accessibility for surrounding target audiences. Due to its overall quality and location, Skerries Point has limited competition in the immediate area.
About Grand Coast Capital Group
Grand Coast Capital Group is a real estate investment and private lending firm based in Boston, MA, with over 40 years of real estate investment and development experience. Established in 2013, the firm has developed an institutional-quality platform with a reputation as the preferred private lender for seasoned real estate investors, builders and developers across the country, as well as a proven track record of strategic real estate investments yielding attractive risk-adjusted returns. Further information about Grand Coast Capital is available at www.grandcoastcapital.com.