We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

A mural of Ireland women's football captain Katie McCabe outside The Square shopping centre in Tallaght Sam Boal
Interpath Advisory

The Square shopping centre in Tallaght placed into receivership

The joint receivers have said the move will not impact any tenants or the continued operation of the shopping centre.

THE SQUARE IN Tallaght has been placed into receivership.

AIB has appointed Kieran Wallace and Eamonn Richardson of Interpath Advisory as joint receivers and managers to The Square shopping centre.

There are around 150 stores and 30 eateries in the shopping centre and in a statement today, Interpath Advisory said the owners of these independent units will not be impacted by the receivership.

Interpath Advisory added that the appointment of receivers and managers will not impact on continued operation and trading at The Square.

The statement also noted that the appointments have been made with the consent and co-operation of funds managed by Oaktree Capital Management and that all parties will work to “complete an orderly sale of The Square to a new owner in early course”.

It was reported last year that Oaktree Capital had put the shopping centre on the market for €170 million but failed to attract a buyer.

In February, The Irish Times reported bids of around €125 million had been tabled, a figure that is around half the €250 million that Oaktree Capital paid to the National Asset Management Agency (NAMA) for the complex in 2018.

Opened in 1990, The Square in Tallaght is one of Ireland’s biggest shopping centres.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel