Alderan acquires Dublin neighbourhood shopping centre
Alderan has acquired the Maple Centre in Dublin, with a net initial yield of 7%.
Extending to approximately 27,500 sq ft, the Maple Centre is a neighbourhood scheme comprising seven units alongside customer parking.
The tenant lineup includes a mix of national and international occupiers such as McDonald’s, Polonez, and O’Brien’s Wines.
The scheme is situated 3km from Dublin city centre, and benefits from the nearby neighbourhoods of Stoneybatter, Cabra, and Phibsborough. It also adjoins a Tesco superstore.
The acquisition also includes an adjoining development site of approximately 0.2 acres, offering asset management and development opportunities. It was completed by Alderan on behalf of COMÈTE SCPI, and represents Alderan’s third acquisition in Ireland, following it’s purchase of the Pavilions in Dún Laoghaire in October 2025 for €11.5m (£9.97m).
Established in 2015, Alderan is an independent real estate investment management company originating and manages in excess of €2.2bn (£1.9bn) in assets.
Colliers and Grand Canal Capital Partners advised Alderan, Savills acted for the vendor.
Jonathan Hillyer of Grand Canal Capital, said: “In a market starved of stock but backed by strong demand, Alderan’s latest acquisition of Maple Centre illustrates how adaptive they are in order to secure attractive returns by taking on calculable Asset management angles adding value through vacancy for example. There will be further additions to the Irish Portfolio and Ireland remains a key country for Investment.”
Michele McGarry of Colliers, added: “The successful acquisition of Maple Centre highlights sustained appetite from international capital for Irish retail investments with stable income profiles. We are delighted to have supported Alderan on another acquisition in Ireland as they continue to expand their presence in the market.”