JYSK Sign 10 Year Lease in Gulliver's Retail Park - Construction Network Ireland - Construction Network Ireland

Back to News

Next Article

Published in Commercial Property on 08/07/2020

JYSK Sign 10 Year Lease in Gulliver’s Retail Park

CNI Editor reports

JYSK, the Danish retail chain, is due to open its first Dublin store in Gulliver’s Retail Park in Norhtwood, Santry. The deal, brokered by Cosgrave Property Group, was completed on 8th June showing that Ireland is well and truly emerging out of lockdown. 

JYSK have signed a ten-year lease on a 7,667 sq ft unit and took access on 8th June, with fit-out works starting on 15th June. Planning has already been granted to almost double the square footage by adding a 6,600 sq ft retail mezzanine level.  

The global brand, which specialises in household goods such as furniture and interior décor, already has seven outlets across Ireland with further expansion planned over the coming years. Recruitment for their Sligo unit, due to open in August, has already commenced and Dublin is expected to open in October of this year.

Roni Tuominen of JYSK said “It goes without saying that in this Covid-19 environment safety needs to come first but with unemployment in Ireland at a record high we all need to help. I am delighted to say that all seven of our stores in Ireland have reopened and JYSK are still very much committed to our expansion strategy in Ireland and plan to have 20 stores across the country by the end of 2021, with roughly 200 new jobs being created.”

Cosgrave Property Group, who own the retail park said they are delighted to welcome JYSK to Gulliver’s Retail Park. “With over 2,500 outlets across the globe they are a strong brand and will be a fantastic addition to the park. It is a great endorsement that Gulliver’s was JYSK’s first choice location in Dublin. They will further improve the strong tenant line-up, which now includes Lidl, Mr. Price, Homebase & McDonalds. Having recently secured planning permission for an additional 330 residential units on the adjoining site at Blackwood Square in April, it is important to the Group to support the existing & future residents of Northwood with a greater local shopping experience.”

A spokesperson for Savills and Cushman & Wakefield added “This is a significant move from an international retailer with aggressive expansion plans in Ireland.  It shows that the industry has the potential to bounce back, quickly and strongly, amidst the current pandemic. Savills and Cushman & Wakefield are excited by this deal and the confidence it shows in the Irish retail market”