Warehouse club Costco searches for Dublin site
Property firm Jones Lang LaSalle denies it has been appointed by Costco to help it find a 12-acre site in the Dublin area
7 July 2009
Costco is searching for a 12-acre site for a large warehouse outlet in the Dublin area, according to industry reports. UK trade publication The Grocer has reported the retail giant has called in real estate firm Jones Lang LaSalle to oversee the search for this site.
While a representative for Jones Lang Lasalle denied this was the case, Brian Skelly reported in ShelfLife last August that Costco did want to reattempt to enter the Irish market.
James Murphy, senior vice president for Costco International said: “We are still interested but we’re going to wait until we find the right property and the right deal…and that we’ve got all the ‘Ts’ crossed and ‘Is’ dotted, because quite honestly last time it was a little painful for us.”
"It’s getting through the planning process, that’s the primary issue. It was the primary issue back then as well,” he added.
It was Jones Lang Lasalle that represented Costco 10 years ago in plans for a €20 million outlet covering 115,000 sq ft at an industrial park in west Dublin. The local council approved the project but it was rejected on appeal by An Bord Pleanála because of its size and potentially adverse impact on local traders, particularly through its discount ‘shopping club’ facility.
However, while RGDATA fought against this attempt a decade ago, director general Tara Buckley told ShelfLife that the group would not oppose Costco, providing it followed the country’s planning regulations.