DUBLIN, Nov. 18, 2024 — Strategic Value Partners, LLC and its affiliates (SVP), a global alternative investment firm managing approximately $19 billion in assets, announced that SVP-managed funds will acquire Blanchardstown Centre, a prominent retail and leisure destination in Ireland.
Blanchardstown Centre, a large retail complex in northwest Dublin, encompasses 1.2 million square feet with over 180 shops and restaurants. Attracting about 17 million annual visitors and offering 5,500 parking spaces, it’s a leading Irish shopping destination. Its strategic location near major Irish motorways ensures its continued prominence as a retail hub for Dublin and beyond.
SVP plans substantial investments in Blanchardstown Centre, particularly enhancing its food and beverage options. SVP will collaborate with Fingal County Council, existing tenants, and Falcon Asset Management to boost the center’s appeal and solidify its position as a top retail destination.
“As a key player in Dublin’s retail landscape, Blanchardstown Centre’s potential excites us,” said Mike Ungari, SVP’s Global Head of Real Estate. “We aim to build on its strengths, ensuring Blanchardstown remains a benchmark for retail and leisure excellence.”
With a substantial real estate portfolio developed over two decades across the U.S. and Europe, and a dedicated team of 10 professionals, SVP is a seasoned real estate investor with extensive retail and shopping center expertise. In 2021, SVP funds spearheaded the restructuring and acquisition of Washington Prime Group, a U.S. REIT with roughly 90 retail properties. In 2023, SVP became the largest investor in Intu SGS, a portfolio of four major UK shopping centers, playing a key role in its restructuring. Led by Anders Hemmingsen, SVP’s London team actively seeks European real estate investments, leveraging the firm’s specialized sourcing, investment, and operational expertise.
The acquisition is anticipated to finalize before year-end, subject to regulatory approvals.
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About SVP
SVP is a global alternative investment firm specializing in special situations, private equity, opportunistic credit, and financing. The firm leverages its sourcing, financial, and operational expertise to create value within its portfolio companies. SVP currently manages approximately $19 billion in assets and has invested over $48 billion since its inception, including over $18 billion in Europe. Founded by Victor Khosla in 2001, the firm has over 200 employees, including more than 100 investment professionals, with primary offices in Greenwich (CT) and London, and a presence in Tokyo. Learn more at .
SOURCE Strategic Value Partners, LLC