Tuesday 12 December 2017

Last of Clarehall units snapped up

Preparations are underway for phase two of Clarehall Centre
Preparations are underway for phase two of Clarehall Centre

Donal Buckley

The two remaining retail Units in the Clarehall Retail and Leisure Centre in Dublin 17 have been let by agents Mason Owen and Lyons. 

Mardown, an Isle of Man based company established by Albert Gubay, has begun planning and preparation for phase two of the development which will provide units for retailers and restaurants which will be launched in the next month.

The units will be available in sizes ranging from 3,000 sq.ft up to 9,000 sq.ft with an expected completion date in early 2018.

Retailers Dealz have recently agreed a deal believed to be about €15 per sq ft for a ground floor 8,300 sq. ft unit in phase one. This will be Dealz’s fourth North Dublin suburban retail unit in addition to their stores in Finglas, Blanchardstown and Omni Park Santry. Dealz were represented by Cushman and Wakefield.

In addition, Fit4Less have agreed to take a 6,000 sq.ft unit for a gym and workout studio located at the rear of the development and consequently at a lower headline rent of €12 per sq ft. A subsidiary of Énergie Fitness, the Fit4Less chain has also been seeking new Dublin locations. 

Mardown, managed by David Lyons, is undertaking the redevelopment on the site of the former Total Fitness gym adjacent to the Tesco Clarehall Shopping Centre. Over a period of 14 months, the developer converted the former 45,000 sq.ft wet gym to a retail park style development of eight units and other tenants include Eddie Rockets, Maxi Zoo, Star Buys and Starbucks.

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