Sunday 8 February 2009

Swords mall extension to provide 3,000 jobs

Up to 3,000 construction jobs are to be created in north Dublin after the €500m expansion of the Pavilions shopping centre in Swords was given the go-ahead by Fingal County Council.

However, developer Joe O'Reilly's company, Chartered Land, may have to pay more than €50m in levies as part of the conditions imposed by the local authority.

The authority has told O'Reilly he will have to pay €24.1m towards public infrastructure and facilities, up to €15m towards a metro box, up to €7m on metro plaza and more than €6.1m in respect of the Metro North proposal.

Chartered Land originally applied for 137 shops including House of Fraser and Marks & Spencer as part of what will be the third phase of the centre. Permission was also sought for 35 restaurants, an office block, a pub, childcare facilities, a medical centre, 189 residential units and more than 3,000 parking spaces. The extension is planned for completion in 2013.

Chartered Land bought the complex in July 2006 for €575m and later sold part of the centre to the Irish Property Unit Trust and Irish Life for around €240m.

Sunday Tribune

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