Starbucks is among four new tenants at Lucan Shopping Centre. It has taken a newly created unit of 203sq m (2,182sq ft) at the entrance of the centre on a 20-year lease with a tenant break in year 10 at a rent of around €70,000.
To facilitate this Lucan Dry Cleaners has relocated to an external unit of 38sq m (413sq ft) on a 10-year lease at a rent believed to be €27,000.
Key Capital, which manages the centre on behalf of Starwood which purchased it as part of a loan portfolio sale, recently secured planning for two new food outlets to enhance the centre’s food and beverage offering.
Asian food specialist Mao@Home and pizza operator Base Pizza have now taken up these opportunities.
Mao@Home has signed a 20-year lease with a break option in year 10 for a 97sq m (1,049sq ft) unit at a rent of €36,000.
Base Pizza has also signed a 20-year lease with a break option in year 10 for a unit of 76sq m (818sq ft) at a rent of €37,000.
Bannon and Knight Frank are joint leasing agents to Lucan Shopping Centre which is anchored by SuperValu. Other key tenants include Dunnes Stores, Lloyd's Pharmacy, Peter Marks and McDonald's.
Daniel McLaughlin, associate director at Bannon, said: “The strategy for Lucan Shopping Centre is to deliver a vibrant destination that offers a broad mix of stores and restaurants. The addition of Starbucks, Mao@Home and Base Pizza is a key step in achieving this vision. These brands are highly regarded and will appeal to Lucan’s extended catchment.”
