The amalgamation of four separate premises on Grafton Street is being assessed by Irish Life, after their recent acquisition of the former Three Ireland Store at number 50 Grafton Street. The premise which currently lies vacant, means that Irish Life now control the four properties 47-50 Grafton Street.
Irish Life has a rental income of €1.1million from the four buildings. Combined, they would create a spacious and lucrative location for a store, or two reasonably large outlets. 47 is currently leased to Ecco, 48 to Vodafone and 49 to Londis. It is believed that such a move would be highly welcomed by the business community as they seek to strengthen the city’s main shopping street and secure International tenants that have previously struggled to find suitable locations.
More recently Irish Life amalgamated two units at 57-58 Grafton Street which is occupied by LifeStyle Sports and is the sports retailers’ flagship store.
Image via The Irish Times website, by Aidan Crawley. Source: http://www.irishtimes.com/business/commercial-property/irish-life-may-merge-four-shops-on-grafton-street-1.2711404#utm_sguid=133667,3b528243-ec2b-1580-c3b5-0aa2679174fa