Frasers Group plc is set to open two new stores in Ireland at Mahon Point Shopping Centre in Cork, and Whitewater Shopping Centre in Kildare.
The openings will take a phased opening approach, starting with Sports Direct set to open later this year, and Frasers, set to open in early 2022. The stores will occupy approximately 150,000 sq ft combined and will open in units both previously occupied by Debenhams.
A Sports Direct will also operate within both Mahon Point and Whitewater’s new stores.
James France, head of global leasehold property at Frasers Group said: “ These new sites mark a pivotal moment for the group as we continue to demonstrate our commitment to bricks-and-mortar and prove our investment into major retail destinations and the retail market in Ireland. Frasers Group is dedicated to bringing an unrivalled shopping experience to customers and, importantly, will bring a significant number of jobs with both openings.”
The deal was brokered by Peter O’Meara & Kevin Sweeney from Savills, acting for Deka, with Karl Stewart of Cushman and Wakefield acting for the tenant.
Peter O’Meara, retail director at Savills Ireland commented: “These deals are a huge boost to the Irish retail market. They demonstrate that despite a challenging retail market, centres which dominate their trade area will continue to attract the best retailers.”
A spokesperson for Deka Immobilien, the owners of Mahon Point and Whitewater Shopping Centres commented: “We are delighted to have secured a strong new partner in Frasers at Mahon Point and Whitewater and wish them every success for the future.”