Murphy Mulhall are delighted to announce the lodgement of a planning permission for a major €10 Million renovation of Dun Laoghaire Shopping Centre.
Opened in 1976, Dun Laoghaire Shopping Centre was Ireland’s very first multi-storey covered Shopping Centre. The centre, which currently boasts an average footfall of 62,000 per week, is currently anchored by Supervalu with other main tenants including New Look, Holland & Barrett, Specsavers, Tiger, Art & Hobby Store, O’Brien’s Irish Sandwich Café, Ulster Bank, Lifestyle Sports, Carphone Warehouse, Peter Mark and many more.
The permission looks to create two large anchor Stores, one fronting onto Marine Road (extending to approx. 22,900 sq.ft. (2,124 sq.m.) over 2 levels) and one fronting onto Georges Street (extending up to approx. 45,000 sq.ft. (4,181 sq.m.) over 2/3 levels). The centre also seeks to modernise the exterior with double height glazing, new stone cladding in selected areas as well as newly glazed triple height entrances into the scheme. When complete this will represent the first major retail re-development that Ireland has seen since the height of the Celtic Tiger!
The timing for this re-development is scheduled for handover to prospective tenants in Quarter 2, 2017.
The shopping centre occupies the prime position on Dun Laoghaire’s main shopping street and with one of the most affluent catchments (in Ireland) (ref: Experian) of approx. 65,000 within a 15 minutes’ drive time the opportunity exists to anchor an established scheme in one of Ireland’s most important markets.
Robert Murphy of Murphy Mulhall, who asset manages the centre on behalf of the Landlord states that:
“ We are very excited to be involved in this process. The centre underwent a substantial internal renovation in 2009 and once planning is granted, the final piece of the jigsaw will fall into place.”
Jason Miller of Murphy Mulhall who heads up the leasing team, adds:
“ Already a number of anchor stores have expressed interest in what will give them a large foothold in the very affluent South Dublin market.”