Dublin,
14
June
2016
|
10:35
Europe/Dublin

Sostrene Grene to Open in Blanchardstown

Danish Lifestyle Retailer to Open 3rd Store in Ireland

Dublin, 02 June 2016 – Danish lifestyle retailer ‘Sostrene Grene’ has announced they are to open their third Irish store at the Blanchardstown Shopping Centre, Dublin.

Sostrene Grene (translated: The Green Sisters) was founded in Denmark in 1973. The business has been expanding across Europe in recent years and now has over 110 stores in Denmark and across Norway, Sweden, Iceland, France, Spain and the UK.

The rapidly changing and affordable range consists mainly of non-food products, home accessories, household items, kitchenware and hobby items.

After taking possession this week, Sostrene Grene will commence trade in July 2016 on the lower ground floor mall adjacent to Dunnes Stores. The unit comprises 280 sq m at ground floor level and has been let on a new 15-year lease. The rent has not been disclosed.

Eoin Feeney, BNP represented the Landlord.

Mikkel Grene, CEO and Co-Owner of Sostrene Grene, Denmark
We are very excited about the future for Sostrene Grene in Ireland. Since we opened our first store in Dun Laoghaire last December we’ve had an incredible response from our Irish customers. Equally we have had a great deal of interest from Landlords all around the country. Our plan is to expand to the rest of the country in select locations
Mikkel Grene, CEO and Co-Owner of Sostrene Grene, Denmark
Shane Cahir, Director, CBRE Retail
Sostrene Grene has agreed terms on a further two locations in North Dublin and Cork and other new opportunities are being assessed. As a new entrant in the Irish market, Sostrene Grene bring diversity to a shopping centre tenant mix and with a loyal customer following they drive a high level of footfall through their stores.
Shane Cahir, Director, CBRE Retail

Heather Lawlor, Joint Venture Partner of Søstrene Grene in Ireland commented:

"I’m delighted that we will now open in Blanchardstown. It’s an excellent shopping centre and offers us the opportunity to bring something special to North West Dublin. We plan to open more stores around Ireland and hope to have 5 locations by the end of 2016."

 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.