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670 new jobs in €25m Liffey Valley revamp

A HUGE €25m extension to the Liffey Valley Shopping Centre will mean hundreds of new jobs.

The expansion is "a green shoot" of economic recovery for the nation, said the centre's director, Denis O'Connell.

The granting of planning permission for the development by South Dublin County Council was warmly welcomed by Mr O'Connell.

But he was unable to give a start date, or a projected opening date, saying any possible planning appeals would have to be completed first.

He confirmed 670 new jobs would result from the new development. That includes the construction jobs. Post-construction, there will be 400 to 450 new jobs. "Currently, there are 2,270 people employed at Liffey Valley," said Mr O'Connell.

A new three-storey 70,000 sq ft store will be constructed but the identity of the company in negotiations to become a new tenant could not be disclosed yet for commercial reasons, he said.

 

Expansion

"I can confirm, however, the new business will not be a supermarket, as current contracts excludes that possibility," he said.

There will also be a separate three-storey building constructed to accommodate six new restaurants coming to the centre, he said. There will be more than 200 new parking spaces provided to replace the parking areas where the new buildings will be constructed.

There are currently more than 100 businesses operating at the centre. The four anchor tenants at the centre are Boots, Dunnes, Marks & Spencer and Next.

The expected construction phase is expected to last 27 months from the date of commencement, he said. The major construction project was a good sign for the economy and the Irish retail sector, he added.

"Certainly, this is a green shoot," he said."There is currently demand for retail space at Liffey Valley," he said.

The €25m expansion plan is being financed by the owners of the centre – Aviva Investors and Grosvenor. The VUE cinema will also undergo changes, with a new entrance foyer.

The centre will also be required to pay a special development contribution of €200,000 to the local council for the upgrading and improvement of roads.

aokeeffe@herald.ie


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