First phase of Frascati SC redevelopment to conclude next month
13 October 2017 | 0
The first phase of the extension and refurbishment of Frascati Shopping Centre in Blackrock, Dublin is due for completion next month, with the new multi-storey car park to be opened by the end of November.
Two cranes on site are part of a rapid construction programme that will see the centre double in size, with all phases to be completed by the end of 2018.
The refurbishment and extension works which are currently underway will cost over €30m and will increase the size of the centre from 100,000 sq ft to 170,000 sq ft. It will add two new high profile MSU units, 21 new retail units and eight new food and beverage outlets in a dedicated restaurant hub, with views over Dublin Bay. A car park extension will provide a total of 550 spaces coupled with an improved access with a new right turn by way of Frascati Road.
Anchor tenants include Debenhams, Marks & Spencer and Aldi which will open for trade in Q2 2018 while existing retailers are keen to upsize with tenants, including Vodafone, signed up to take additional space in the redeveloped shopping centre.
CBRE and Cushman and Wakefield are the joint letting agents for Frascati, which is owned by Invesco Real Estate, a global real estate investment manager.
“We are already experiencing a strong level of interest in the scheme, particularly from food & beverage operators,” Louise Donnelly of Cushman & Wakefield said.