French asset management company, Corum, has acquired Tesco Extra supermarket in Gorey for €21 million. Tesco occupies the store off the Paul Funge Boulavard under a 25 year lease dating from 2014 at a rent of €1.57 million per annum. 

The subject property briefly comprises a Tesco Extra format supermarket extending to 8,109sq m (87,289 sq ft) with 606 car-parking spaces at surface level on a site area of 3.44 hectares (8.5 acres).

Sean O’Neill of TWM acted on behalf of the vendor while Robert Murphy of Murphy Mulhall acted for the purchaser.

Corum’s purchase of the Wexford supermarket follows on from its €12.7 million acquisition earlier this year of South Point in Dublin’s Grand Canal Dock.