Blackrock International Land said today its joint venture with Lagan Developments Holdings is to begin the construction of the €70 million new 160,000 square foot retail park on a 28.8 acre site in Navan, Ireland.
Other major infrastructure improvements are under way in the Navan area, the company said. Construction will start shortly on the retail park, with units expected to be ready for occupation in autumn 2008, it added.
The company also said contracts have been exchanged with a major anchor tenant, and negotiations are also well advanced with other occupiers.