Frasers Group to open first Irish outlets at Mahon Point and Whitewater Shopping Centres
17 August 2021
Luxury retailer Frasers Group is planning to open anchor stores (both 75,000 sq. ft.) at Mahon Point Shopping Centre in Cork, and Whitewater Shopping Centre in Kildare. Both centres are owned by German fund Deka.
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 occupy approximately 150,000 sq. ft. combined and will open in units both previously occupied by Debenhams.
“These new sites mark as 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,” said James France, head of global leasehold property at Frasers Group.
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.
“These deals are a huge boost to the Irish retail market,” said Peter O’Meara, retail director at Savills Ireland. “They demonstrate that despite a challenging retail market, centres which dominate their trade area will continue to attract the best retailers.”
“The positive impact on both shopping centres will be significant, as Frasers will bring a widened product offering – in a new modern fit-out – which will boost footfall to the benefit of all retailers in situ,” he added.