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2025 Retail Parks Report

10/12/2025

Trends shaping retail parks performance

  • Retail parks remain near full capacity
    Vacancy has fallen to c.3.3%, with demand driving performance rather than new development, signalling one of Ireland’s most stable retail formats.
  • Home, value and leisure retailers continue to lead growth
    Furniture & Home Furnishings remains the largest category, accounting for just over one-fifth of total GLA.
  • Argos and Homebase space re-absorbed into the market
    Backfilling of major boxes, including five Range and three B&Q deals, reflects resilient occupier appetite for well-located big-box space nationwide.
  • Capital targets secure income and strong catchments
    Over €350m in major transactions completed in 2025, reinforcing confidence in well-let retail parks with compelling yield profiles.
  • A format aligned with Irish consumer trends
    Stable employment, rising real incomes and tight supply continue to underpin growth, with retail parks offering resilient, income-secure investment opportunities.
 

Contacts

Karl Stewart
Karl Stewart

Director, Head of Retail
Dublin, Ireland


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Tom McCabe
Tom McCabe

Director, Head of Research & Insights
Dublin, Ireland


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Peter Love
Peter Love

Director, Retail & Capital Markets
Dublin, Ireland


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Alex Trimble

Senior Research Analyst
Dublin, Ireland


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