Wednesday 15 April 2009

Point shopping centre to go ahead

A MARKETING campaign aimed at leading retailers is to be held next month to launch a new shopping centre at the former Point Depot in the Dublin docklands.

The project is now expected to proceed following the resolution of a dispute between the promoter, Harry Crosbie, and Dunnes Stores, the anchor tenant for the development which forms part of O2 venue close to the planned Point Village square.

Mr Crosbie said Dunnes Stores had now paid €28.8 million towards the acquisition of their store and he looked forward to working with them to make the shopping complex a major attraction in the city.

The High Court was told that Dunnes Stores originally agreed to pay €46 million for the main store in the centre which will have 23,225sq m (250,000sq ft) of shopping on two levels.

Larry Brennan of letting agent Savills said there were already strong enquiries from a mixture of traders for the 40 shop units in the centre which is due to open for business in the autumn of 2010.

The centre will not only cater for the expected increase in population of 25,000 in the docklands itself but also for the suburbs of Clontarf and Fairview on the northside and Sandymount and Ringsend on the southside of the city.

A multiplex cinema will be located over the shopping centre as part of the €850 million complex which will also include offices, a hotel, apartments and a central square – to be known as Dublin’s Parlour – which will be used for a range of public events, including free open-air concerts,giant screen and Ireland’s largest ‘country’ market.

Irish Times

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