Saturday 22 July 2017

Lidl to splash €60m on 141 developments

DONAL BUCKLEY Commercial Property Editor

German discount retailer Lidl looks set to become the largest property developer in Ireland with 141 projects in the pipeline and all but 26 of these are in the Republic.

According to Construction Information Services, the projects would involve a construction investment of more than €60.4m should all of the projects be completed. The total investment would be much more when site acquisition costs are included.

Eleven of the projects would cost more than €750,000 each to complete and the largest of these is Lidl's new HQ and medical centre, which it plans for the site next to its Tallaght store in Dublin 24 and which will cost €34.1m.

To be built in five blocks ranging in height from two storeys to four storeys, the Tallaght project's floor area will extend to 20,958sqm. One of the blocks extending to 5,192sqm will accommodate a two-storey supermarket selling a range of convenience goods, clothes and alcohol.

Timescale

The medical centre will be included on the first and second floors of a three-storey block of 1,993sqm, where two retail units will occupy the ground floor. The other three buildings will be four-storey offices with basement car parks.

One of them will be devoted to Lidl's Irish headquarters. The planning application requests permission to build over a 10-year timescale.

Other large projects in the Republic include a 1,666sqm store costing €1.4m on the site of a petrol station and convenience store at Rathbeale Road, Swords, Co Dublin; a €1.5m store at the Brophy Agri Services property, The Green, Tullow, Co Carlow; a €1.5m store at Portlaoise Road, Abbeyleix, Co Laois; a 1,400sqm store worth €0.95m in Celbridge, Co Kildare; a 1,537sqm supermarket at Inchydoney/Island Road, Clonakilty Co Cork, worth €1.18m; as well as similar-sized stores at Donegal Road, Ballybofey, Co Donegal and at Troopers Close, Barrack Hill, Kinsale, Co Cork.

Irish Independent

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