Business Irish

Tuesday 20 February 2018

Fat Face takes over lease on Oasis Henry St spot

Clothing, equipment and accessories retailer Fat Face has taken out a new lease of €350,000 a year for the former Oasis shop on 45 Henry Street, Dublin 1.

The premises extends to 197sqm on the ground floor where it has 9.1m of street frontage. According to letting agent Savills, it is located adjacent to some of the most successful retailers on the street, including AlWear, Dunnes, Arnotts, Boots and Pull & Bear, on one of Dublin's prime retail thoroughfares.

Niall Ringrose of landlord IPUT said: "Fat Face competed with three international retailers for this unit which proves their belief in the strength of Henry Street as the leading fashion retail destination in the city."

Simon Cooper of Savills, acting for the landlords, said: "Two of the underbidders were looking to secure their first stores in Dublin.

"This confirms the strength of Henry Street as a leading retail thoroughfare in the city and further underlines confidence in the Dublin retail market.

"Fat Face is yet another boost to the area which saw recent signings of Forever 21 and New Look in the Jervis Centre making this area the retail fashion destination in the city," he added.

This will be the fourth Fat Face outlet in Dublin, adding to the units in Exchequer Street, Dundrum and Dublin Airport. The firm was founded in 1988 by two ski fanatics who started by selling printed sweatshirts and fleeces out of their rucksacks in the Alps in order to fund their skiing addiction.

The brand has 12 franchise stores in the Middle East, Singapore and Asia, as well as fully owned stores in France, UK and Ireland.

Two retailers have signed up for units at Phase 2, The Park retail park at Carrickmines, Dublin 18. Pet retailer Petstop is taking a 705-sqm unit, which will be the largest store in the Irish-owned group which also has units in Blanchardstown and Cork. Beauty boutique Brown Cow is taking a 139-sqm unit at The Park -- its second outlet, as it already trades at Ticknock Hill, Sandyford, Co Dublin.

Bernadine Hogan of letting agents Savills says the landlords have allocated space for prospective operators of a convenience store and a restaurant.

The Park, Carrickmines, was developed by Park Developments and two chunks of it were sold into investment syndicates led by Kevin Warren Associates.

Existing tenants include TK Maxx, Curry's, PC World, Smyths, Halfords, Home Focus at Hickey's and Harvey Norman.

The Park also includes three office blocks with units ranging in size from 80sqm to 4,000sqm, with quoting rents of €18 psf. Existing office occupiers are 3M and International Fund Services.

Irish Independent

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