Headland Property Holdings Limited, backed by Nama is to invest €5million in refurbishment of Northside Shopping Centre

Savills Ireland, letting agents for Northside Shopping Centre in Dublin have just announced that Headland Property Holdings Limited, with the support of NAMA, is about to invest €5million in the refurbishment of Northside Shopping Centre.

NAMA have taken a positive approach to the Centre through this large scale investment and have shown their commitment to future of Northside.

The refurbishment works which are due to take place over the summer will include as Phase 1 a complete rejuvenation of the mall to include new flooring, lighting and mall furniture.  Various units on the mall will be reconfigured to suit tenant requirements and additional space will be created for kiosks.  Following the receipt of planning permission the external façade of the centre will also be upgraded as Phase 2 with improved signage, new external cladding and enhanced visibility from the road.  Three new pavilion style entrances have been designed to replace the existing entrances.
Superquinn has also made a commitment to refurbish and modernise their store within Northside Shopping Centre and improve their external signage.

The refurbishment of Northside Shopping Centre will safeguard over 1,000 jobs in the centre and create further jobs during the renovation period.  The investment in the centre should attract new interest from a number of high calibre tenants to join the existing tenant line of anchor stores Superquinn and Dunnes, along with McDonald’s, New Look, Subway, Holland & Barratt, Lifestyle Sports, Euro Giant and many more.  The Northside team has commenced negotiations with a number of quality outlets to locate in the refurbished centre.  As a result of the investment the capital value of the centre should increase significantly”.

The project architect is MOLA Architects, the project manager is Cronin and Sutton Consulting and Savills have been retained as letting agents