US investor buys The Square, Tallaght

€250m consolidates ownership of South Dublin mall

Oaktree is reported to have paid €250m for a 90 per cent stake in 27-year-old shopping centre which attracted 22m visitors in 2017 with a rent roll of €14m.

The purchase of separate interests from Indego and bad bank Nama finally unlocks the opportunity to refurbish and extend the centre which currently extends to 570,000 sq ft with 19 acres of surface parking.

Current anchors include Tesco, Debenhams, H&M and River Island.

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