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Aldi Signs Lease Agreement In Adamstown Residential Development

By Donna Ahern

Quintain has announced that Aldi Ireland has signed a lease for a 23,000-square-foot store in the Crossings, a major urban village development in Adamstown.

Construction on the Aldi store has commenced and will be completed by the end of this year, the residential developer noted.

Tesco Store 

According to the company, the development of a Tesco store is also under way, and will be completed in the same timeline.

Michael Hynes, joint managing partner, Quintain Ireland, commented, “Adding Aldi as the second major retailer for the Crossings is a welcome boost for not just Adamstown, but the wider area.

“Adamstown has huge potential to be one of Dublin’s best-served urban villages, and the delivery of new retail and leisure options will help in realising that ambition,” Hynes said.

The first phase of the Crossings also includes 279 apartments, a further 20 retail units, and five restaurant outlets, along with a multi-storey car park.

Quintain noted that the total investment in the Crossings will be around €500 million.

Next Five-Year Plan 

With 3,000 homes already completed in Adamstown, and over 5,000 new homes expected over the next five years, the retail element of the Crossings – anchored by Tesco and Aldi – will serve an estimated potential shopping population of over 100,000, drawn from residents in Adamstown and the neighbouring suburbs of Lucan, Celbridge and Leixlip, Quintain noted.

Quintain also noted that the Crossings will include a two-acre village green, which will provide a centrepiece for the area, as a place to unwind and dine.

© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click sign up to subscribe to Checkout.

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