The Arena Centre

Tallaght, Dublin 24, Ireland

Key Facts:

306,000

Total Floor Space(sq ft)
100%

Ownership
96%

Occupancy
9

Tenants
4.0M

Annual Rent Roll

With a population of over 70,000, Tallaght is Dublin’s largest suburb and has grown steadily since the 1960s.

One of its most prominent developments is The Arena Centre, a 306,000 sq ft mixed-use commercial scheme completed in 2008.

The Arena Centre includes ground floor retail units, three office blocks and a 119-bedroom hotel. Specifically, this consists of:

Retail

The Arena Centre’s retail capacity consists of four large retail warehouse units and five smaller retail units. Overall, their total area adds up to 124,500 sq ft and prominent tenants include some of Ireland’s most well-known retailers. As well as Lidl and Maxi Zoo, these include anchor tenant Woodies DIY.

Offices

Three separate blocks offer 94,000 sq ft of modern Grade A office space across three blocks. Two are occupied by Bank of Ireland while the third houses the Irish headquarters of Woodies DIY. Upward-only leases apply to both tenants. Bank of Ireland has been a significant local employer for over 25 years.

Hotel

One of The Arena Centre’s most visible assets is The Maldron Hotel run by the Dalata Group. Laid out over six floors, the hotel consists of 119 rooms plus conference and banqueting space. A high quality leisure facility held under a separate management agreement also offers swimming pool and gym.

A strong and assured income stream

94% of The Arena Centre’s annual rental income is generated by long-term covenants from blue chip organisations including the Grafton Group, Bank of Ireland and Lidl who now operate 90 stores across the island of Ireland.

Catchment area and transport

Fronting onto the N81, The Arena Centre enjoys easy access to the M50, the capital’s orbital motorway and Dublin city centre.

According to 2011 census figures, The Arena Centre has a catchment-area population of over 634,000 within a 15 minute drive. In addition, the Centre is served by extensive public transport links including Luas Red Line (a four-minute walk) away and numerous bus services.

Available Space
12,244

Retail Space (sq ft)
Key Tenants:
  • Grafton Group plc
  • Bank of Ireland
  • Lidl Ireland GmbH
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Management Details


David Mulcair

Asset Manager

Green Property REIT Ventures
+353 1 241 8400
dmulcair@greenpropertyltd.com

Bryan Walsh

Leasing Agent

Acres.ie
+353 87 1337 464
bryan@acres.ie

Aengus McCarthy

Estate Manager

JLL
+353 1 673 1600
Aengus.McCarthy@eu.jll.com

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