US donut giant Crispy Cream is set to open its first city center outlet in Dublin next year. Covid welcomes a retail core affected by pandemic.
The lease was signed for a large outlet in Central Plaza on Dam Street in the capital.
Central Plaza is being developed on the site of the former Central Bank by US property company Hines and the Hong Kong-based Peterson Group. The cost of the project is in the region of $ 100 million.
The former central bank building was acquired by Hines and Peterson in 2017 for $ 67 million as the central bank moved its capital to the Docklands.
The Crispy Cream Plaza will have 234 square meters of space and the sub-plaza will have an additional 89 square meters. In addition to the frontage to Dam Street, the unit will also face a walkway connecting Dam Street to the Temple Bar.
Appropriately, Crispy Cream’s workshop in the new location – second only to Ireland – will shine completely. It will be visible to users and passersby.
Brian Moran, senior managing director of Hines, said the property group is happy to open such an “iconic” brand in Dame Center.
“Crispy Cream will provide an exciting and beloved retail experience to a new customer base that will be located in the heart of Dublin,” he said.
The Central Plaza project is nearing completion and will open early next year.
“Some of the office tenants in our buildings on College Green are already upstairs. At the same time, incoming tenants Weaver, Bujo, Las Ignas, Guinness and now Crispy Cream are all set to launch in early 2021, ”said Peter Lynn, director of Hines Real Estate Ireland.
Central Plaza has eight floors of office space that have already been leased to Weaver and Amtrust Financial. It will support about 1,300 office workers and a total of 1,500 employees throughout the office, food and beverage units.
Crispy Cream ‘s first outlet in Ireland, Blanchardstown, near the M50, opened in 2018 and was packed with users.
This is the most profitable Crispy cream outlet in the world.
Crispy Cream, founded in 1937, is part of Job Holdings, owned by the billionaire German Rayman family.
Job Holdings privatized Crispy Cream in 2016 in a deal that set the business at an equity value of 1.35 billion (1 1.1 billion).