Marks and Spencer to anchor €60 million city development
THERE has been a widespread welcome for news of a proposed development at Arthur’s Quay in which Marks and Spencer would be the anchor tenant.
Limerick’s Tiernan Properties has signed heads of agreement with the British retail giants to become the anchor tenant for a major €60 million development on the city’s Arthur’s Quay.
Chief executive Michael Tiernan told the Limerick Post that the plans are “at an early stage but we will now hopefully have a discussion with Limerick City and County Council and subject to a successful outcome to those discussions, we will move forward.”
The development will be dependent on other factors, mostly delivery of infrastructure outlined in the Limerick 2030 plan which has already been adopted and acted on by the local authority.
The new development will involve a site currently occupied by the former Limerick Tourism office at Arthur’s Quay, but public amenities in the park itself will not be affected.
The British chain has been linked to various sites in Limerick city and suburbs over several decades, but has no outlet in the area.
The clothing, food and homewares retailer has now agreed to be the main tenant in the proposed 18,580sq m (200,000sq ft) mixed-use development.
Tiernan Properties said there had been “significant interest” from other major brands in the project, which is expected to boost footfall in the centre of Limerick.
The developers said getting a “key target” like Marks & Spencer on board “validates the wider project” and would prove pivotal for Limerick.
“We have a lot of work to do but as this is a development in line with the aims of the 2030 plan, we believe it would support that plan,” Mr Tiernan said.
Limerick Chamber chief executive Dee Ryan said the announcement that the Arthur’s Quay development is to go ahead was another major boost for the city and region.
“This is more great news for Limerick and the wider city region. To have this and the Ryder Cup 2026 announced for Limerick on the same day is incredible. It shows where the city, county and region is headed.”
“This huge injection of private investment in retail is an important signal of market confidence and ongoing work to revitalise Limerick city centre. We are powering ahead in so many respects as we develop a thriving urban experience for people who live in, work and visit Limerick.
“The retail community, in particular, welcome a boost exactly like this to help attract more people from Limerick and neighbouring counties into the city,” she added
Mayor Michael Sheahan said that along with all the other plans for Limerick, the multi-million euro investment by Tiernan Properties would help revitalise the city centre.”
“Confirmation that Marks and Spencer is to be the anchor tenant will see the company open its very first store in the mid-west region. It has been a long time coming and I am delighted that such a sought after retailer is opening a store here,” Mayor Sheahan concluded.
