Other commercial property news in brief

Aldo for Golden Discs shop

International footwear retailer Aldo has begun trading in the former Golden Discs store at the junction of Mary Street and Liffey Street in Dublin 1. It also recently opened a new store in Grafton Street. Landlords Irish Life recently had the rent reviewed to €525,000.

The ground floor has a trading area of 90sq m (969sq ft) and there is a further 91sq m (980sq ft) of retail space in the basement, as well as storage on the upper floors.

Stephen McCarthy of Savills, who advised Golden Discs, said the arrival of Aldo in the north city retail landscape underpins the continuing appeal and trading strength of the area, particularly from an international retailer’s perspective.

The High Court recently approved a survival plan for Golden Discs under which 10 stores and four franchised outlets will continue to trade. The group had operated 20 stores, including six franchises.

Over 215 per sq m for suite

A subsidiary of the UK-based Incentive Leisure Group has expanded its operation into Ireland after concentrating up until now on Britain and Spain.

LB Office Provider has rented a suite in Tuansgate, a distinctive office block near the entrance to The Square shopping centre in Tallaght.

The company will be paying a rent of slightly over €215 per sq m (€20 per sq ft) for 163sq m (1,755sq ft) in the block which was bought as an investment by Liam Carroll’s company Royceton.

Frank Cronin of Jones Lang LaSalle handled the letting.