Monday, September 17 11:13:29
Irish fashion footwear and accessories brand, Dubarry, is to open its first flagship outlet on Dublin's College Green.
Clarendon Properties, the Dublin based international property investment and development company, confirmed the letting of the last remaining retail space in their redevelopment of 35 College Green in the heart of South Dublin's prime retail district.
Dubarry, having built a globally recognised brand, will trade next door to the new Abercrombie and Fitch outlet in the development, which also houses British fashion brand Superdry along with.3,000 sq. of office space.
The unit, comprising approximately 170 square metres of retail space with additional storage, has been let to Irish brand Dubarry for what is to be their first flagship retail store. While the agreed rent wasn't disclosed, Savills originally sought E200,000 pa for the unit.
Tony Leonard, Managing Director of Clarendon said that "Dubarry are an ideal retail brand for this location and will compliment Abercrombie and their customer base." Commenting on the deal, Larry Brennan, Retail Director at Savills said, "It's great to see an Irish company like Dubarry enjoying such success and having developed a brand that's strong enough to trade alongside some of the world's most successful retailers. The Dubarry transaction showed the continued interest in well located retail opportunities in Dublin and is another boost for the trading success of the Grafton Street area".
Dubarry's Marketing Director Michael Walsh also commented, "This is a very significant step in the continued development of our brand. Although known primarily for footwear and in particular "Dubes" deck shoes here in Ireland, our international premium performance lifestyle collection has expanded significantly to include clothing, bags and accessories. 35 College Green gives us the perfect platform from which to showcase the entire range here in Ireland and it is appropriate that as a wholly Irish owned and County Galway based organisation that our very first flagship store should be located in Dublin. Our international retail distribution network includes such high end stores as Harrods of London".
Savills Ireland say Dublin's prime retail streets are maintaining their high occupancy levels despite continued tough economic conditions across all sectors. New retailers are taking advantage of the attractive rental levels and incentives, the adjustment in competitiveness and the fact that Dublin is increasingly being recognized as the European hub for high value jobs in the IT sector, with for example, Google and Facebook located in prime city locations.