Friday 23 June 2017

Developers plan for discount stores to boost income

Discount and convenience food stores are among the few bright spots in the property development market and two major developers are currently in the process of trying to boost income by attaining planning permission for these stores.

According to Construction Information Services, as many as 45 discount stores are currently in train, mostly at a planning stage and seven of them are in the Dublin area.

On Dublin's northside Sean Mulryan's Helsingor Ltd is seeking permission for a 1,666sqm discount store at his Grange Road development in Baldoyle, Dublin 13, on the former Baldoyle Racecourse.

Recently, Lidl applied for extensions to five of its Dublin stores including one at Grange Road, Rathfarnham, another at Skerries Road, Balbriggan, a third at Walkinstown Avenue, a fourth at 130, Slaney Road, Glasnevin, and the fifth at Nangor Road, Clondalkin.

Lidl also secured Kildare County Council's approval for a new discount foodstore at Maynooth Road, Celbridge but that is being appealed to Bord Pleanala.

Also in Kildare, Aldi has applied for a 1,476sqm discount store and off licence at Monread Rd, Naas and Kerry County Council has approved plans for another Aldi store at Tonbwee, Castleisland. However that is being appealed to Bord Pleanala.

In Goatstown, Dublin 14, a consortium of Davy stockbroking and Avestus investors are seeking permission to transform the existing Fiat/Alfa Romeo motor show rooms on the Goatstown Road into a neighbourhood shop with off license. The investors' vehicle, Jorcon Ltd, has applied to Dun Laoghaire County Council (DLRCC) for permission to add almost 100sqm at ground floor and 100sqm at first floor level.

However, some discount and retail store projects have been refused permission by their local authorities.

DLRCC has refused permission to convert part of the former Industrial Yarns building in Bray from its current furniture sales to a discount store. Development consortium Pizarro has appealed the refusal.

Likewise in Clonmel, Tipperary County Council refused permission for a retail unit at Davis Road. Here too the developer Bekan Property is appealing.

On the other hand, Bord Pleanala has refused permission for a discount foodstore at Mountmahon, Abbeyfeale, Co Limerick, a Moquette development. Meanwhile in Ballybrack, Co Dublin, Tesco is appealing DLRCC's approval for Melcorpo's plans for three retail stores and over head offices in a 667.9sqm development north-east of Ballybrack shopping centre.

Irish Independent

Promoted articles

Also in Business