CITYWEST SHOPPING CENTRE - FORTUNESTOWN
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CITYWEST
SHOPPING CENTRE
FORTUNESTOWN
A dominant convenience led centre with loyal customer base
in a densely populated area in one of Dublin’s largest suburbs.
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CITYWEST
SHOPPING CENTRE
FORTUNESTOWN
4
LOCAL
HIGHLIGHTS
CITYWEST SHOPPING CENTRE | PAGE
1 Citywest Shopping Centre
2 Luas – Fortunestown Stop
12
3 Citywest Business Park
4 Magna Business Park
5 United Drug
9
6 Scoil Aoife, Citywest
3
7 Citywest Playground
8 Carrigmore Park
1 Citywest Shopping Centre
9
Bus Stop
14
10 St Aidans Community School
11 Citywest Village
Glenveagh proposed
8 12
Citywest Road & Magna Drive
residential
7 13 Citywest Quarter - Urbeo
14 Proposed PRS development.
Planning for 290 apartments
Dominant convenience led centre Located adjacent to Citywest Business Vehicular access is excellent
with loyal customer base in a densely Campus, Ireland’s first world class adjacent the N81 national road and
populated area in one of Dublin’s business campus. the N7 motorway, just 2 miles from
largest suburbs. the M50 orbital motorway providing
easy access to entire Dublin region.
PAGE
€2.2
4
million
Citywest Business Campus is home to a Net Income per annum.
workforce of over 6,000 skilled employees
on a 650 acre campus. Major companies
in the campus include SAP, Pfizer, United
Drug, BT, Unilever, and Fidelity Investments.
3.2 40%
million in 10 years
Prior to Covid annual footfall had increased by 40% over the previous 10 years to 3.2 million per The centre benefits
annum. This trend is expected to continue post vaccines with significant residential development from having the Red
and demand in the immediate environs. Strong demand for newly built residential schemes in the Luas tramline Stop on
immediate vicinity will see a growing catchment requiring access to convenience retailing. its doorstep.
CITYWEST
SHOPPING CENTRE
FORTUNESTOWN
Highly accessible with Citywest Shopping Centre is
extensive free surface and anchored by Dunnes Stores,
basement parking. Ireland’s leading grocers selling
food, homeware and clothing
CITYWEST SHOPPING CENTRE | PAGE
extending to 76,000 sq ft.
Strong tenant line up including
5
The centre is a thriving hub of activity for its catchment providing
the core grocery offer of Dunnes Stores complemented by a strong
food and beverage provision with coffee shops, restaurants, as well as
convenience, lifestyle and community led uses such as a successful gym,
bookmakers, children’s playcentre, and medical and dental centre.
WAULT to expiry of approximately With 73,026 sq ft of existing retail and 25,213 sq ft of offices in addition to Dunnes Stores,
10.5 years and WAULT to earliest which is owner occupied, and planning permission for a further 290 residential units directly
of break / expiry of approximately adjacent the scheme, the new owner will have the opportunity to further enhance the
8 years. centre’s importance to capitalise on its growing catchment population.
LOCATION
Citywest Shopping Centre is located campus include SAP, Pfizer, United Drug, just 2 miles from the M50 orbital
adjacent to Citywest Business Campus, BT, Unilever, and Fidelity Investments, motorway providing easy access to entire
Ireland’s first world class business campus. Adobe, GlaxoSmithKline & AbbVie. Dublin region.
Citywest Business Campus is home
to a workforce of over 6,000 skilled The centre benefits from having the Red In recent years there has been a
employees on a 650 acre campus. It is Luas tramline Stop on its doorstep. significant increase in residential
home to over 200 indigenous and world- development at Citywest, with strong
Vehicular access is excellent adjacent the demand for this easily accessible south
wide companies. Major companies in the
N81 national road and the N7 motorway, west suburb of Dublin.
SWORDS MALAHIDE
PORTMARNOCK
DUBLIN AIRPORT
M1
SANTRY BALDOYLE
PAGE
BEAUMONT SUTTON
6
BLANCHARDSTOWN
E
LIN
IN
T RA
TRAIN L PORT
INE
M50 TUNNEL
ASHTOWN
DRUMCONDRA
CLONTARF
PHOENIX
LUCAN PARK
DUBLIN
CITY CENTRE
HAROLDS
CROSS BALLSBRIDGE
LUAS GREEN LINE
CLONDALKIN
RATHGAR
BOOTERSTOWN
N7
E RATHFARNHAM
LIN TALLAGHT BLACKROCK
ED
SR
LUA DUN LAOGHAIRE
N82
DUNDRUM
M50
CITYWEST
SAGGART
MARLAY SANDYFORD
IND. ESTATE
SHOPPING CENTRE PARK GLENAGEARY
The Citywest Centre is the retail hub for conference facilities as well as substantial
the entire Citywest area, this is reflected leisure facilities and a golf course. Tallaght
with significant volume of visitors with Hospital and Technological University
footfall in 2019 at 3.2million increasing Dublin Tallaght (3,700 students) are just
on average by 4.9% per annum over the a short drive in the neighbouring suburb
previous 3 years. of Tallaght.
The Citywest Hotel is situated nearby,
Ireland’s largest hotel, which offers
HIGHLY ACCESSIBLE LOCATION IN RAPIDLY
DEVELOPING DUBLIN SUBURB
CITYWEST SHOPPING CENTRE | PAGE
N7 CAR PARKING 7
The Citywest Shopping Centre is adjacent to the N7/ There are 434 free car parking spaces situated at
Naas Road which links directly to the M50 approximately the centre, making it very cheap and accessible for
9 kilometres to the north. This also provides a direct link shoppers to drive directly to the centre.
to Dublin City Centre. Dublin Airport is approximately a
25-minute drive.
LUAS DUBLIN BUS
The LUAS red line, has a terminus directly adjacent to 5B Dublin Bus route service operates directly from
the shopping centre, which provides a fast and direct link outside the shopping centre to Dublin city centre.
to Dublin city centre.
TRIM
DUNSHAUGHLIN ASHBOURNE
RATHOATH
M3
SUMMERHILL FLEENSTOWN
BATTERSTOWN M2
DUNBOYNE
MULHUDDART
M4 KILCOCK
JOHNSTOWN M50
BRIDGE
MAYNOOTH
TRIMPGHAN M4 LEIXLIP
LUCAN
CELBRIDGE
RATHCOFFEY LIN
PAGE
ED
SR
CLONDALKIN LUA
8 STRAFFAN
COOLEARAGH NEWCASTLE
N82 TALLAGHT
CLANE
ALLENWOOD RATHCOOLE M
LULLYMORE
N7
SALLINS CITYWEST
SHOPPING CENTRE
BALLINTINE PARK CARRAGH
NAAS
M7 BALTREACY KILBRIDE
N81
NEWBROIGE
BLESSINGTON
M7
CLONMULLEN
BALLTMORE SAL
M9 EUSTACE
N81
BALBRIGGAN
M1
CITYWEST
SHOPPING CENTRE
LUSK FORTUNESTOWN
RUSH
BALLYBOUGHAL
SWORDS M1
MALAHIDE
DUBLIN
PORTMARNOCK
AIRP{OT
SUTTON
HOWTH
CITYWEST SHOPPING CENTRE | PAGE
DUBLIN
NE CITY CENTRE
BALLSBRIDGE
LUA
DUNDRUM SG
REE
M50
NL
INE DUN LAOGHAIRE
9
ROCKBROOK CATCHMENT
The core catchment of the Citywest
Shopping Centre has a population
of 286,315 and a purchasing power
of €5.9 billion. (CACI 2016).
BRAY
ENNISKERRY
N11
CATCHMENT
ROUNDWOOD
TRAVEL TIMES
GREYSTONES
LLYS GAP N11 10 minutes – 116,205 people
20 minutes – 564,842 people
30 minutes – 1,426,645 people
ROUNDWOOD
CITYWEST
SHOPPING CENTRE
FORTUNESTOWN
PAGE
10CITYWEST SHOPPING CENTRE | PAGE
11PAGE
12DESCRIPTION
The Citywest Shopping Centre is a dominant
convenience led centre comprising of 33
modern retail and leisure units and 17 office
units extending to approximately 98,000
sq. ft. It benefits hugely from extensive
surface and underground car parking. The
neighbourhood centre is anchored by Dunnes
Stores (owner occupied), Ireland’s leading
grocers selling food, homeware and clothing
extending to 75,000 sq ft. The centre is a
thriving hub of activity for its catchment
providing the core grocery offer of Dunnes
Stores complemented by a strong food
CITYWEST SHOPPING CENTRE | PAGE
and beverage provision with coffee shops,
restaurants, as well as convenience, lifestyle
and community led uses such as a successful
gym, bookmakers, children’s playcentre, and
medical and dental centre.
The centre boasts a strong tenant line up
including McDonalds, McCabes Pharmacy,
Boyle Sports, Eddie Rockets, Costa Coffee, 13
EBS Building Society and O’Briens Wines
Off Licence.SITE /
FLOOR PLAN
434
McDonalds Free Car
Drive Thru Parking Spaces
e
nc rk
n traar Pa
E C
to
29 1
Eddie
1A Rockets
28/29 Upper
Dominos
Funky Monkey 28 2 Fit4Less
1,072 sq ft
3 AIB
Kerry Hanaphy 4
27a 7
6 5
PAGE
H ou s e of Costa O’Briens
26a & 27
Coffee Wine Romayo’s Boyle Sports
C olou r
Mc Cabes Off Licence
14 Pharmacy
8 4 7 s q ft 26 8
H e a l th M a tte r s 25 9
Credit Union
Tower
R e g a tta Th e
24 10 C a r p h o n e
Wa r e h o u s e
S p e cs a ve r s 22 11 S e e ze r s a n d S e a r s
4 9 0 s q ft 23
VM H om e & D I Y 21
19&20
M o r e 4 Le s s
17&18
N o w N e w s a g e n ts
1 , 8 6 5 s q ft 16
14b 7 7 7 s q ft
14a
6 8 8 s q ft 15 1 , 1 5 0 s q ft
Crystalwave
Drycleaners
15a
16a
Barbers
14 Ba ked
Let Vacant
DKTENANCY OVERVIEW
TOP 10 TENANTS
% Of Years to Ground
Unit Rank Tenants Rent Overall Break / Review type Floor
Rent Expiry Sq Ft
Wembar Company Ltd (McCabes
Unit 8 1 € 483,000 21.12% 11.36 Upward Only 3,963
pharmacy)
External 2 McDonalds Ireland Ltd € 180,000 7.87% 10.73 Market Rent 6,717
Unit 3 3 Boylesport Ltd € 172,095 7.52% 11.36 Upward Only 3,016
Willogrove Catering Ireland Ltd t/a
Unit 1 4 € 103,230 4.51% 11.36 Upward Only 2,306
Eddie Rockets
Unit 5 5 O’Brien’s Wine Off-Licence € 81,350 3.56% 11.36 Upward Only 1,621
Unit 4+1c 6 Romayos € 65,000 2.84% 5.28 Market Rent 1,901
Unit 19/20 7 More4Less € 60,000 2.62% 1.45 Market Rent 3,661
Unit 2 8 EBS Building Society € 50,321 2.20% 11.36 Upward Only 0
Unit 10 9 The Carphone Warehouse € 50,000 2.19% 11.56 Upward Only 818
CITYWEST SHOPPING CENTRE | PAGE
MBCC Food (Ireland) Ltd (Costa
Unit 7 10 € 50,000 2.19% 6.28 Upward Only 858
Coffee) - in legals
TOTAL TOP 10 € 1,294,996 56.62% 10.32
City West Shopping Centre € 2,287,194 100%
Dunnes Stores is a long leasehold tenant.
1.76% 2.19% 15
PERCENTAGE OF
INCOME BY USE
22.83%
Use Income % of total rent 22.83%
F&B €522,230 22.83%
Local Services €1,090,953 47.70%
24.54%
Fashion €22,500 0.98%
Other €561,361 24.54%
Car park €40,150 1.76% 47.70%
Electrical goods €50,000 2.19%
€2,287,194 100.00%
0.98%
There is currently a 14.37% vacancy rate with 7 vacant retail units extending to
a total of 5,989 sq ft and 4 vacant office units extending to 8,763 sq ft.CITYWEST
SHOPPING CENTRE
FORTUNESTOWN
TITLE VIEWINGS
Further details on request All viewings are strictly by
appointment with JLL.
DATA ROOM
Subject to a Non-disclosure
BER RATING
agreement, further information
is available on a secure data
room and access can be granted BER Certificates and advisory reports
through JLL. are available on the data room.
AGENT LEGAL
Styne House Riverside 2
Upper Hatch Street Sir John Rogersons Quay
Dublin 2 Dublin 2
www.jll.ie www.beauchamps.ie
JACQUELINE FITZPATRICK MAITIÚ Ó’DÓNAILL
Jaqueline.Fitzpatrick@eu.jll.com m.odonaill@beauchamps.ie
T: +353 1 673 1676
JOHN MORAN
john.moran@eu.jll.com
T: +353 1 6731637
PSRA: 002273
DISCLAIMER: The particulars and information contained in this brochure are issued by Jones Lang LaSalle Limited on the understanding that all the negotiations are conducted through them. Whilst
every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether expressed or implied. All
descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licenses of use of occupation, access and other details are for guidance only and may be subject
to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and
is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang
LaSalle Limited, their employees, agents or affiliate companies, makes any warranty or representations whether expressed or implied with respect to the particulars and/or information and which
are to the fullest extent permitted by law, disclaimed: furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of
the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall
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