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| Treasury Holdings is to redevelop and expand South Dublin's Stillorgan Shopping Centre shopping centre, Ireland’s first shopping centre, which opened in 1966. |
An Bord Pleanála has today granted planning permission for the redevelopment of Stillorgan Shopping Centre.
This is a completely new development to previous submissions and took into account consultations with local residents. Incorporating 18,046 sq m of retail area, it has 79 shop units – retaining two-thirds of the existing 62 outlets. It allows for a 27% increase in car parking spaces to 873, yet a ‘street scape’ structure hides the car park from view, providing shop frontage on to the Old Dublin Road and the Lower Kilmacud Road.
New facilities such as a gym, crèche and rooftop restaurant with views over the Dublin mountains are also included. The plans require an investment in excess of €40 million.
Rob Davies, Development Director of Treasury Holdings said "We are obviously very pleased with today’s decision, as it provides us with the opportunity to deliver a greatly improved shopping centre to local residents and particularly to those businesses trading in the centre. We have been working for seven years to achieve this. The planned shopping centre can be built within two years, and with minimal disruption to trade.
"However, Treasury Holdings is committed to the community planning process which began in late March. We would like to explore the ideas emerging from this process and to consider the new Local Area Plan when it is published before making the definitive decision as to whether to proceed with these plans for the shopping centre," he said.
The shopping centre site is owned by Real Estate Opportunities (REO) a public company listed on the Dublin, London and Channel Islands Stock Exchanges. Treasury Holdings is the Irish property investment manager for, and majority shareholder of, REO. In Stillorgan, REO owns the ‘Blake’s’ site, which also has planning permission, and the Leisureplex site.
These landholdings offer an opportunity to completely revitalise the centre of Stillorgan village, making it a more pleasant living, working and shopping environment. The community planning process began in late March and the outcome was an indicative masterplan for the area. This was submitted to Dun Laoghaire-Rathdown County Council for consideration as they finalise the Local Area Plan for Stillorgan.
A further community planning forum to discuss the future for Stillorgan will take place on 7th of September and will focus on Movement and Transport.
