Morley Fund Management - Retail Letting - Dublin, Liffey Valley Shopping Centre

Date: 17 Oct 2002

Strutt & Parker and Hamilton Osborne King, on behalf of Morley Fund Management and Grosvenor Ltd, have let 130 sq m (1,400 sq ft) at the Liffey Valley Shopping Centre, Dublin, to Bear Factory. The Hamleys subsidiary has taken a 5 year lease at €215,000 (£137,415) per annum for its first outlet in Southern Ireland.

Strutt & Parker and Hamilton Osborne King have also leased a 20 sq m (212 sq ft) kiosk located in the centre’s central atrium to Zumo Juice Bar on a 5 year lease at €44,441 (£28,400) per annum.

Shelagh Larard of Morley Fund Management comments:
“The Liffey Valley Shopping Centre is not only a good test bed for first stores like the Bear Factory but with trading performance and footfall up 20% each year and Zone A’s steadily improving it is a highly sought after retail destination.”

Des Ryan, Operations Director of the Bear Factory, Ireland comments:
“Bear Factory has exceeded all our expectations in its first week of rrade at Liffey Valley and is second only to Sheffield’s Meadowhall in revenue terms for its first week.”

Insignia Richard Ellis acted for the Bear Factory while the Zumo Juice Bar represented itself.

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