Wednesday 22 January 2020

Developers outline cinema complex plans for Dublin

THREE of Ireland’s top leading developers have outlined plans to develop cinema complexes at key sites in Dublin, but given the growing complications with NAMA and financial concerns it could be quite some time before they open at a screen near you.

Bookmaker Paddy Power is speculating on which of the three big players will open their doors first.

The Bailey brothers’ Bovale Developments, which is hoping to begin construction on a ninescreen cinema at Charlestown Shopping Centre in Finglas, is the 4/5 favourite to start first followed by Bernard McNamara at 7/4.

McNamara is expected to start building a new €100m cinema and shopping complex next to the Square in Tallaght later this year.

Meanwhile Treasury Holdings, which is hoping to begin work on The Spring Cross Vue multiplex in Ballymun in the middle of next year, is the outsider of the three at 4/1 to complete work first.

Sharon McHugh, spokesperson for Paddy Power, said: “There is no doubt there’s a demand and a need for cinemas in these highly populated areas but the race to get these projects off the ground could turn into a slow bicycle race."

"Movies will be coming to a screen near you but at the way things currently stand it probably won’t be soon!”

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