Green Property says it expects its Blanchardstown shopping centre development to be almost fully let" when it opens in October. However, only 30 per cent of tenants have actually signed to occupy the £50 million centre.

Blanchardstown is expected to face stiff competition from Quarryvale, another shopping centre to be developed on a site about three miles away in a strategic location on the M50 at the junction of the Lucan Galway Road.

Green yesterday announced pre tax profits of £6.376 million, an increase of 58.2 per cent over the 1994 figure. The increase reflected an 18 per cent rise in rental income to £9.482 million and a £1.285 million profit on the disposal of property. Post tax profit was £5.734 million, compared to £4.093 million the previous year. Page 2