Portfolio

Frascati Shopping Centre was acquired in 2015 by Gresham House Ireland Real Estate Limited on behalf of an international property investment fund managed by Invesco which is a major US financial institution. In early 2017, we began an extensive development project which provided for extending and remodelling the existing centre.

This exciting scheme was designed to rejuvenate the Frascati Centre by delivering contemporary retail units which will respond to modern consumer demands. A new road junction has been built on the Frascati Road which incorporates a right turn into the centre when travelling from the city and a right turn onto the Frascati Road when exiting the centre.

The centre was officially re-launched in October 2019 offering a greatly enhanced shopping experience along with Irelands first dedicated health and beauty quarter and a new food and beverage hub.

www.frascatishoppingcentre.com

On completion of the extension and remodelling of the new Frascati Centre, we secured a planning permission to construct 45 luxury apartments over 3 storeys on top of the newly developed centre. The development consists of a mix of generous , 2 and 3 bed units that benefit from superb sea views over Dublin Bay.

The project is the first phase of planned residential schemes for the site. Commencement of Phase 1 began in early 2020 and completed in quarter 3 of 2021.

Phase two of the Residential Development includes the provision of over 100 additional apartments, as an extension of the Phase 1 permission.

The planning application for phase 2 was lodged shortly through the SHD process directly to An Bord Pleanala. Full planning permissions obtained in 2023.

The property comprises a modern three story, semi-detached office building of approximately 2,739 sq m (29,483 sq ft) gross internal area with 90 parking spaces located at basement and surface levels. The building has recently undergone refurbishment. Tenants include Maxim Integrated Products, Jefferson Payroll and Pinergy.

Fenward House is a modern four storey Grade A office building extending to 1,834.8 sq m (19,750 sq ft) and has 34 secure car parking spaces. The building is clad in a mixture of stone and polished granite and incorporates a steel brise soleil feature. The building has recently been completely refurbished to include mechanical and electrical upgrade, general refurbishment of all floors, and a complete redesign of the main entrance lobby.

The property comprises a modern 6 storey over basement office block and a retail unit extending to a combined area of approximately 3,679.9 sq m (39,610 sq ft) and benefits from ample car parking spaces located in adjoining The Square multi storey car park.

73 Patrick Street comprises mid terrace three-bay four-storey building, with an attic level, dating from 1860-1870. It is currently in use as an Abrakebabra fast food restaurant with the restaurant counter, seating area, toilets and kitchen on ground floor, storage and office on first floor; the second-floor, third-floor and attic levels are currently unused. It is accessed through a full width ground floor glazed shopfront on St Patricks Street, dating from c. 1995, and shares an enclosed rear escape laneway with the adjoining buildings which leads to Careys Lane. The upper floors are served by a single stairway from ground to first which in turn leads to another single stairway from first floor to the other levels.

74/75 Patrick Street is a mid-terrace five-bay three-storey building, with an attic level, dating from 1870-1880. It is currently in use as a retail outlet with the shop floor on ground floor, storage, office and staff area on first floor and storage on second floor; the attic level is currently unused. It is accessed through a full width ground floor glazed shopfront on St Patricks Street, dating from c. 1990, and shares an enclosed rear escape laneway with the adjoining buildings which leads to Careys Lane. The upper floors are served by a single stairway from ground to first which in turn leads to another single stairway from first floor to the other levels. There is a rear annex at second floor level which contains storage and staff areas and this is accessed via another from first floor stairs