A joint venture between ING Real Estate Development UK and Coverfield Developments has submitted plans (pictured) for a €90m (£60m) scheme including 152,590 sq ft (14,176 sq m) of factory outlet space in Dundalk, Ireland.
The plans – claimed to be Ireland’s largest factory outlet centre – will comprise 80 shops, cafes and crèche facilities on a site on the northern side of the town, opposite the racecourse.
ING Real Estate and Coverfield – a subsidiary of Belfast, London and Lisbon-based RJ McKinney have each been responsible for a number of previous factory outlet centres across Europe.
Last December, McWilliams Developments submitted plans for a 1.4m sq ft (130,600 sq m) business park on the outskirts of the town, which would include 16 wholesale warehouse showrooms as well as 20 commercial units of 1,001 sq ft (93 sq m) and 53 warehouse units ranging in size from 3,014 sq ft (280 sq m) to 108,719 sq ft (10,100 sq m).
It will also include offices and enterprise units.
The two Dundalk schemes could both compete for Ireland’s first IKEA store, should the government concede to pressure to increase the current limit on the sizes of such stores.
References: EGi News 25/02/04
