BY Amy Rohu
Europa Capital and its local partners, Core Capital and Oakmount have announced two of the most important retail deals in the market in recent years.
FLANNELS and H&M have committed to opening their Irish flagship stores at Clerys Quarter, dubbed as one of Dublin’s most exciting new mixed-use developments in the heart of the city on Dublin’s O’Connell Street.
Due to open in the fourth quarter of 2022, the completed redevelopment of Clerys Quarter will comprise approx. 90,000 sq ft Grade A office space, a new 213-bed four-star hotel, and a panoramic rooftop restaurant, which will house the latest venue from the PressUp Group.
The owners plan to bring six new food & beverage units to the market immediately, including the newly refurbished tea-rooms.
Frasers Group plc will open the doors to its first FLANNELS flagship outside of the UK, at Clerys Quarter. Occupying 30,000 sq ft. on a 15-year lease, the brand-new luxury destination will offer an unrivalled collection of some of the most wanted names in luxury fashion. H&M has also chosen Clerys for what will be its largest city centre store.
Jason Oram, Partner and Fund Manager at Europa Capital, the group behind the development, said the refurbishment of the former Clerys department store will transform this area of the city into one of Dublin’s premier destinations:
“The leasing of two anchor stores to high profile brands demonstrates the strength of the location in the heart of Dublin, as well as the appeal of Clerys Quarter as a mixed-use scheme.”
Speaking about the announcement, Derek McGrath, Managing Director at Core Capital added: “Positioning Clerys Quarter as a destination of choice in Dublin city centre was a key focus for us in this iconic re-development and we believe the addition of Flannels and H&M as anchor tenants deliver on that focus.
As destination retailers they will attract significant footfall to both the development and wider area. Tenants of this calibre combined with our exciting food and beverage offering will provide consumers with a unique shopping experience in the city centre.”
PHOTO – For FLANNELS by Argent Design flagship (COMPUTER GENERATED IMPRESSION)
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