Scottish-based fashion trader Internacionale has secured a reverse premium of £250,000 to take over the lease of a large shop at The Square Shopping Centre in Tallaght, west Dublin. The premium was paid by the Virgin-controlled company Our Price to encourage Internacionale to assume responsibility for the lease of the 2,420 sq. ft shop which is rented at £100,000 per annum. Virgin owns the Our Price chain of shops but did not need the Tallaght outlet as it already operates a Virgin store there.
Internacionale has almost 90 stores which specialise in clothes and accessories for the 14 to 25 age group. The Smith Young Partnership and Hamilton Osborne King acted for Internacionale and Colliers Jackson Stops advised Virgin.
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