7/16/2025

M Core enters Ireland with acquisition of landmark mixed-use Arena Centre in Dublin

M Core has completed its first acquisition in Ireland, securing the Arena Centre in Tallaght, Dublin. This marks a strategic entry into a dynamic European market, further strengthening its position as one of the UK and Europe’s most active real estate investors.

The 321,000 sq ft mixed-use scheme comprises high-performing retail, office, and hotel assets with a strong tenant lineup and a resilient income profile. Anchor occupiers include Bank of Ireland, Woodie’s (part of Grafton Group PLC), and the Maldron Hotel, operated by Dalata Hotel Group – Ireland’s largest hotel operator.

Positioned in one of Dublin’s largest and fastest-growing suburbs, the Arena Centre benefits from excellent connectivity via the LUAS Red Line. It is just minutes from the M50, attracting footfall from over 390,000 people within a 15-minute drive.

M Core’s in-house team will provide intensive management of the centre. The team aims to enhance the site through upgrades, including new EV charging points in partnership with POGO, digital display screens, kiosks, and curated food truck activations.

Sebastian Macdonald-Hall, Chief Investment Officer (Europe), M Core, commented:

"The Arena Centre represents everything we look for in an asset: scale, secure income, and strong covenants in an area with significant footfall and growth potential. This marks a pivotal moment for M Core – our first acquisition in Ireland and a statement of our intent to invest, manage and add value across the country. We look forward to working closely with local stakeholders and the community to make this a centre that truly serves its people. At M Core, we focus on intensive asset management, meaningful partnerships and creating long-term value for all our stakeholders.”

The acquisition was advised by JLL (sales and property agents), Cushman & Wakefield (property agents) and William Fry (legal counsel).

M Core enters Ireland with acquisition of landmark mixed-use Arena Centre in Dublin

"The Arena Centre represents everything we look for in an asset: scale, secure income, and strong covenants in an area with significant footfall and growth potential. This marks a pivotal moment for M Core – our first acquisition in Ireland and a statement of our intent to invest, manage and add value across the country. We look forward to working closely with local stakeholders and the community to make this a centre that truly serves its people. At M Core, we focus on intensive asset management, meaningful partnerships and creating long-term value for all our stakeholders".

Sebastian Macdonald-Hall, Chief Investment Officer (Europe), M Core
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