UK property giant Hammerson is moving ahead with plans for a mixed-use development beside Dundrum Town Centre in Dublin after finalising the acquisition last summer of a 50pc stake in the premises.
Hammerson chief executive David Atkins confirmed yesterday that the company had appointed UK firm Faulkner Browns as the masterplan architect for the second phase of development on a six-acre site beside the shopping centre.
That site already has permission for the construction of 100,000 sq. m of additional retail space, but Hammerson indicated last year that a mixed-use development might be more suitable. The company is more likely to press ahead with a scheme that will be led by apartment construction, but include retail space.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Invest for Property. The information provided on Invest for Property is intended for informational purposes only. Invest for Property is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.
