With two cranes on site, the extension and refurbishment of Frascati Shopping Centre in Blackrock, Co Dublin, is rapidly progressing and due for completion in a series of phases.
The initial work involving a multistorey car park is scheduled for completion this November and the remaining phases are due to be delivered over the course of 2018, with the final phase to be completed by December.
Owner Invesco Real Estate – a global investment manager – is spending more than €30 million to increase the size of the centre from 9,290sq m to 15,793sq m (100,000 to 170,000 sq ft) in order to broaden its appeal to national and international traders.
Invesco is adding two new major space units, 21 new retail units and eight food and beverage outlets, including a dedicated restaurant hub. The new car park will provide a total of 550 spaces, along with an improved access via a new right turn by way of Frascati Road.
Anchor tenants include Debenhams, Marks & Spencer and Aldi, the latter opening in Q2 2018. Many existing traders are keen to upsize, including Vodafone, which is to take additional space
Louise Donnelly of letting agents Cushman & Wakefield confirmed that they are experiencing a strong level of interest in the centre, particularly from food and beverage operators. Johnny O'Connor of CBRE is joint letting agent.
