Friday 24 November 2017

A full house at Liffey Valley centre

After a series of recent lettings, Liffey Valley Shopping Centre in West Dublin has all units let and these are expected to bring its total rent roll to around €34m.

The centre which is due to be acquired by British property group, Area, in the near future, saw nine recent lettings including: Republic, a UK leading fashion retailer, which is taking a 464sqm. ground floor unit; Early Learning Centre, part of the Mothercare Group: has taken the former 80sqm Ladybird unit as their first stand alone store in the Irish Republic; Barratts Shoes has signed a new 10 year lease on the former Jean Scene store which comprises 221sqm on the ground floor and 26.6 sqm of mezzanine space.

Five other retailers had competed for this unit.

Others to take units include three phone companies: Meteor relocated into the 64sqm former Budget travel shop. Carphone Warehouse has taken a c.13.9sqm kiosk space and O2 have taken a new lease on the former ground floor Meteor kiosk extending to c.24sqm.

Art N Hobby has taken the former Tribe unit on a short term and also plans to relocate to a permanent home at Liffey Valley after Christmas.

Counter Propaganda, the Irish based fashion company currently trading in the St. Stephen's Green and Blanchardstown centres, has taken a short term letting on unit 39, which has 117sqm at ground level and 72sqm on mezzanine.

Joint letting agents on the scheme are Savills and Strutt and Parker.

Bernadine Hogan of Savills commented, 'We are very happy that these new retailers have come on-board to offer shoppers even greater choice in advance of the peak Christmas trading period.

These developments just reinforce the strength of demand for presence in the centre'.

The centre's joint owners, Aviva Investors and Grosvenor, undertook management initiatives to boost lettings.

Irish Independent

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