A round-up of today's other stories in brief
Station on track to be market
Treasury Holdings is to convert a former train station at Spencer Dock in the north Dublin docklands into a daily market. The new facility, at the LMS Building on North Wall Quay, will accommodate a restaurant, cookery school, music venue and food kiosks and arts and crafts outlets. It is due to open early next year. Robert Colleran of letting agents Vincent Finnegan Commercial is seeking tenants for the kiosks at an annual rent (it includes rates, electricity, heating, insurance and advertising) of €1,000 per sq m.
Nugent to take over at Lisney
Lisney estate agency is to get a new managing director next January when office specialist James Nugent takes over from Peter Stapleton who has been MD for the past eight years. Nugent (39) has been with the agency for 16 years, much of it in the office department. His focus will be on reinvesting in the business and growing it. “I think there are going to be good opportunities and growth in certain divisions, particularly with values severely discounted. The rent review debate appears closer to being resolved and with a new bill seemingly drafted – the Government needs to bring finality to this issue – this will assist with investment activity which has been missing from the market.” Stapleton is to continue as a director of Lisney’s property and asset management department as well as acting as a property receiver.
Boots keeps on walking
Boots continues to roll out new pharmacy branches across the country with the latest opening planned at 133/134 Lower Baggot Street, Dublin 2. The UK giant is to pay a rent of around €190,000 for 631sq m (6,8000sq ft) previously occupied by Budget Travel as well as an office. Estate agents Mason Owen Lyons, whose office is on the first floor, previously traded out of the ground floor. The building is owned by Bordoak, a company controlled by Ed Lyons.
Scandinavians to Sandyford
Swedish furniture manufacturer Soul of Furninova is to open a large store at Beacon South Quarter (BSQ) in Sandyford, Co Dublin. It will be the company’s first outlet in Ireland and will strengthen the appeal of BSQ where Barry Rochford’s Bo Concept contemporary furniture store and high end supplier Roche Bobois is already attracting a huge proportion of the south Dublin business.
Furninova is best known for its distinctive couches, sofas and armchairs which are made mainly in Poland and Asia. Its Dublin store opening in November will extend to 1,500sq m (16,146sq ft) over two levels. The rent will be something short of €129 per sq m (€12 per sq ft).
Johnny O’Connor of DTZ Sherry FitzGerald, who handled the letting, said Furninova’s arrival would be a boost to BSQ where Ben Dunne is currently fitting out a 2,000sq m (21,528sq ft) gym.
The agency has also agreed letting terms for two more units. One of these is understood to be a bar. Close by the German discounter Aldi is fitting out a new store in the Fleming development.
Donnybrook grocer for sale
One of the best located trading pitches in Donnybrook, Dublin 4, comes on the market this week with the planned sale of the Roy Fox gourmet food shop in the centre of the village. Niamh Walsh of Lisney, who is quoting a guide price of €450,000 for the long established fruit and vegetable outlet, says anyone either shopping in Donnybrook or passing through the village will be quite familiar with the shop because of its high profile location. “This is a very strong brand with significant potential because it services the prosperous suburbs of Donnybrook, Ballsbridge and Ranelagh.”
The shop has a floor area of 59sq m (635sq ft) and trades from 9am to 7pm, Monday to Saturday, and from 10am to 6pm on Sundays.
