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Frascati Shopping Centre signs Aldi as first new tenant

Written by Robert McHugh, on 19th Jul 2017. Posted in Property

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It was announced today that Aldi has agreed to become a tenant in the refurbished and extended Frascati Shopping Centre. 
 
The Centre itself will almost double in size between now and the end of 2018 and is already attracting interest from national and international names. Aldi joins existing anchor tenants Marks and Spencer and Debenhams.
 
The refurbishment and extension works which are currently underway will increase the size of the Frascati Shopping Centre from 100,000 sq ft to 170,000 sq ft. It will add 23 new retail units and five new food and beverage units in a dedicated restaurant location with views over Dublin Bay. A major car park extension will provide a total of 550 spaces.

Joint letting agents, Cushman & Wakefield and CBRE acted for the landlord and Lavelle Chartered Surveyors acted for Aldi. 
 
Speaking today, John Bruder of Burlington Real Estate said, "We are thrilled that Aldi is our first agreed new tenant. The transformed Frascati Shopping Centre will offer huge variety and quality, and it is set to become the leading shopping destination in one of the country’s most affluent areas."

Source: www.businessworld.ie

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