A total of 450 new jobs are to be created at the Liffey Valley shopping centre in Dublin, as part of a €26m expansion.
The large investment will see a new Penneys store, six new restaurants, an upgrade to the cinema and new civic space. As well as the 450 positions in the various shops and restaurants, 225 construction jobs will be created during the development phase.
This announcement comes on the back of the latest CSO figures. The figures show a 5% yearly increase in retail sales which is further proof that the recovery is firmly bedding itself down in the Irish economy. Recent figures by Retail Excellence Ireland outline that the Irish retail sector posted its largest quarterly increase in sales in Q4 2014 since 2007.
The growth in retail is certainly connected to the broader positive growth in the economy and the pick-up in consumer sentiment is being reflected by an increase in peoples’ purchasing ability.
Brian Moran of Hines Ireland – the company behind the development – said there was plenty of room to expand at the site.
“The land around Liffey Valley includes about another 20 acres of development land,”
“So over time our plan is to add incrementally to that, as demand is there, and to add to the amenity value of the centre.”
Brian Moran, Hines Ireland
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