UK multiples expanding

Boots is currently fitting out a 232sq m (2,500sq ft) shop at the Frascati Centre in Blackrock, Co Dublin

Two of the big UK multiple traders, Boots and HMV, are expanding their operations in the Irish Republic. Boots is currently fitting out a 232sq m (2,500sq ft) shop at the Frascati Centre in Blackrock, Co Dublin, while HMV is to move into the former A Wear unit at Edward Square in Galway.

Colliers International handled the letting of the Frascati shop at a rent of €150,000.

The letting comes after the owners of the 30-year- old centre have lodged a planning application to enlarge the complex at a cost of about €50 million. An additional 6,000sq m (64,582sq ft) is to be added to the centre which is anchored by M&S and Debenhams.

Colliers also advised H&M when they leased 650sq m (7,000sq ft) at Edward Square where they will be paying a rent of €220,000. DNG Commercial acted for the owners of the centre.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times