Investment group in talks to buy The Square for €125m

REAL estate investment group Hines is closing in on the purchase of The Square Shopping Centre in Tallaght for about €125 million, half of the price paid for the complex four years ago, according to a report by the Sunday Times.

Hines has been selected as preferred bidder by fellow US investment firm Oaktree Capital, which put the complex on the market with a price tag of between €160 million and €170 million.