Treasury Holdings has increased its holdings at Stillorgan in south Dublin, paying E65m for the site of the Stillorgan Bowl Leisureplex, directly opposite the Stillorgan shopping centre where the company has been embroiled in a long-running planning battle.
The company now owns close to 6 ha of land in the town. It is still awaiting a decision from An Bord Pleanala on its plans for redeveloping the centre. Treasury has already lost three appeals, but it is hopeful of a positive decision this time. One of Ireland's oldest suburban shopping malls, Stillorgan has been losing heavily to Dundrum.
Meanwhile at Ballymun on the other side of Dublin, Treasury is battling Fingal County Council and Ballymun Regeneration over the planned redevelopment and enlargement of the Ballymun shopping centre, which is on a 6.50 ha site, close to where Ikea plans to build its new Dublin store.
Treasury says that it agreed with the council three years ago that it would buy out the council's interest in the site for E25m. The council denies this, saying that no contract was drafted and is reported to be looking for up to E75m for the site.
Treasury says that the council and the Ballymun Regeneration company have reneged on their part of the original deal. However Alan Taylor, the council's chief valuer, warned: "If we can't reach an agreement with them, we will look at other ways of getting the centre built."
- Spalding outlet springs into life
- Primark to anchor Willow Place, Corby
- Prezzo and Wagamama sign at the Atrium, Cambe...
- Hamley's expands into Ireland with Dundrum an...
- Westfield unveils Stratford vision
- Gap to anchor Springfield
- Multi signs H&M and Boots at SouthGate, Bath
- Topshop goes big on Liverpool
- Cabot Circus transforms Bristol retail
- Thurrock Decathlon in make or break for sport...
