News

27th January 2017

Penneys To Anchor New €70m Shopping Centre In Carlow

Lexeme Properties Limited have confirmed that Penneys will anchor the new Carlow Central Shopping Centre. Penneys now operates from 37 locations in Ireland and has more than 325 stores in 11 countries.

Dublin Friday 27th January 2016.    Lexeme Properties Limited have confirmed that Penneys will anchor the new Carlow Central Shopping Centre.    Penneys now operates from 37 locations in Ireland and has more than 325 stores in 11 countries.

The site of the new development incorporates the existing Penneys store together with additional adjoining lands on a site of 6.5 acres. When completed, the new scheme, Carlow Central, will comprise approx. 200,000 sq. ft. of retail space, together with 640 car spaces, and 10,000 sq. ft. of office accommodation.

The newly redeveloped Penneys will trade from 51,000 sq. ft. of retail space over two levels  and Lexeme have confirmed that negotiations are at a very advanced stage with a number of other national and international retailers.

Carlow Central, designed by Henry J. Lyons Architects will immediately create 225+ jobs during the construction period and once completed will provide employment for approx. 800 jobs on a full and part-time basis.

The development which represents an investment in excess of €70,000,000 will be the first new purpose built retail development in Ireland for some time and is programmed to open for Christmas trade 2018.

Eamonn Duignan, of Lexeme commented, “This confirmation is the culmination of many years work by both Lexeme and Penneys, and ensures the delivery of Carlow Central”.

Gerry Butler, Sales Director, ROI, Primark said, “This announcement is an important milestone for us and one which we know is eagerly anticipated by the people of Carlow. We are delighted that the expansion will generate additional jobs in the new store.”

 

The agents for Carlow Central are Cushman & Wakefield (Karl Stewart) and HWBC (Tony Waters). Commenting on the latest announcement Karl Stewart, Head of Retail at joint agents Cushman & Wakefield said “I am delighted that following a difficult period in the retail market we are once again seeing the retail sector improving and today’s announcement represents an encouraging outlook for the sector”. He further commented that he expected to follow shortly with further announcements in relation to the tenant line-up.

ENDS

For Further Information contact:

 

Karl Stewart                                                   Tony Waters

Director, Retail                                               Managing Director

Cushman & Wakefield                                   HWBC

164 Shelbourne Road                                    80 Harcourt Street

Ballsbridge                                                      Dublin 2

Dublin 4

Telephone 00-353-1-639 9300                       Telephone 00-353-1-775 0500

E-mail Karl.Stewart@cushwake.ie                 E-mail twaters@hwbc.ie