By Nicola Donnelly
nicola.donnelly@meathpost.com
Construction of a new €70 million retail park for Navan is expected to
commence within weeks.
Blackrock International Land plc has this week announced that its
50:50 joint venture with Lagan Developments is about to begin work on
the 160,000 sq ft development which is located on a 28.2 acre site on
the Athboy Road.
The development will be situated in a high profile location that will
benefit from extensive frontage on to the new road network in Navan,
including the link road to the new M3 which is under construction.
Full planning permission for the retail park was recently secured and
contracts have now been exchanged with a major anchor tenant, the name
of which has not yet been released.
Contracts have also been agreed with Sisk Group for the construction
of the park and it is anticipated that the contractors will commence
on site shortly, with units expected to be ready for occupation in
autumn 2008.
The joint venture retains approximately eight further acres at the
site, which it intends to develop in the future.
Commenting on the transaction, Blackrock Chairman, Carl McCann, said:
“we are pleased that the construction phase is about to get under way
at Navan Retail Park.
Navan has seen unprecedented development, with its population having
doubled in size in the ten years to the end of 2006.
“The retail park is ideally located to cater for the increased demand
created by this expansion,” he added.