Are you looking to invest in a thriving shopping centre in Ireland? A great opportunity has just come up as a prominent shopping centre in Limerick is seeking a new investor. If you’re interested in taking on this exciting endeavour, keep reading to find out more about this popular retail destination and what it could offer to potential investors.
Arthur’s Quay Shopping Centre in Limerick is up for sale as its founder and developer, Michael Tiernan, is set to retire soon, according to a statement from Tiernan Properties. The company is seeking a new investor to realise the potential for significant new investment in Limerick City Centre as supported by the new Framework Strategy for the Arthur’s Quay Area. The €115m regeneration project plans for Arthur’s Quay redevelopment, which has received funding, but still requires the adequate support and investment to materialise.
The anchor tenant at Arthur’s Quay is Tesco, and the centre also hosts other popular high-street brands such as Gloria Jean’s coffee and Regatta and Jump Juices. Meanwhile, Michael Tiernan has received acknowledgements for his service and support over the years according to the same statement.
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In conclusion, the search for a new investor for the prominent Limerick shopping centre is a significant development for the local business community. With its prime location and high footfall potential, this shopping centre has the potential to attract a new wave of businesses and investment to the area. As Limerick continues to grow as a hub of commerce and industry, this development presents an exciting opportunity for investors to get in on the ground floor of a promising venture. It remains to be seen who will take the reins of this exciting project, but one thing is for certain – the future of Limerick’s retail landscape has never looked brighter.
