Golden Island Shopping Centre

Retail facility on the edge of Athlone, Ireland

  • Owen O'Callaghan
  • Michael Tiernan
  • Tom Diskin
Owner
  • Tesco (2005–2016)
  • Credit Suisse (2016–2019)
  • Davy-managed fund (2019-present)
No. of stores and services45Total retail floor area14,306 square metres (153,990 sq ft)Parking1,000 spacesWebsitegoldenislandshoppingcentre.ie

Golden Island Shopping Centre is a shopping centre located in Athlone, County Westmeath, Ireland.

History

The centre in 2009, prior to rebranding in 2016

The centre, which is situated in the townland of Goldenisland (Kilmaine),[1] was developed, on the site of a former landfill, by Owen O'Callaghan, Michael Tiernan and Tom Diskin. With the aim of attracting more business to the Midland Region of Ireland, the centre opened in October 1997,[2] and has gained a footfall of 65,000 a week.

The shopping centre was sold to Tesco for €52 million in 2005, and it was registered on 24 February 2005 (2005-02-24).[3][4]

Tesco stated in June 2015 that it was considering selling the centre, and the building was purchased by Credit Suisse on 23 March 2016 (2016-03-23) for €43.4 million.[5]

On 1 May 2019, Credit Suisse put the centre on sale for €41 million.[6] It was purchased by a fund managed by Davy Real Estate in late 2019.[7][8]

Retail units

The centre contains 45 units, including clothing retailers (such as Penney's and Diesel), health shops, mobile phone providers, and restaurants and cafés (such as Costa Coffee, Burger King and Insomnia). The anchor unit at the eastern end of the centre is a large Tesco supermarket, selling food and clothes. The Tesco unit was originally intended to be a Quinnsworth supermarket, but Quinnsworth was acquired by Tesco shortly prior to the shopping centre opening.[9][10]

Cinema

The shopping centre also contains an IMC cinema, which opened in 1998 with six screens and a capacity of 871 seats.[11][12] This cinema replaced the former, four-screen, Showcase Cinema, which was located above the old Athlone Shopping Centre in Irishtown, and which opened in May 1992 and closed in early 1998, when the operator of the Showcase Cinema went into partnership with the IMC to open the cinema in the Golden Island shopping centre. Prior to that, there had been no cinema in Athlone following the closure of the Ritz Cinema located beside the Shannon bridge in 1985 and the closure in the late 1970s of the Adelphi Cinema located in Garden Vale.[13][14]

References

  1. ^ "Golden Island (Kilmaine) Townland, Co. Westmeath". www.townlands.ie. Retrieved 27 May 2020.
  2. ^ "Westmeath Independent - The movie man". Westmeath Independent. Retrieved 17 June 2017.
  3. ^ "Golden Island Retail Ltd | Irish Retail Company & Director Check". www.solocheck.ie. Retrieved 6 June 2017.
  4. ^ "Tesco seeking more than €40m for Athlone centre". The Irish Times. Retrieved 6 June 2017.
  5. ^ "Athlone's Golden Island shopping centre sold by Tesco to Credit Suisse for €43.5m". The Irish Times. Retrieved 6 June 2017.
  6. ^ Quinlan, Ronald. "Athlone's Golden Island shopping centre on the market at €41m". The Irish Times. Retrieved 6 March 2020.
  7. ^ "Davy closes in on €35m deal for Athlone's Golden Island shopping centre". The Irish Times. Retrieved 14 August 2024.
  8. ^ "Davy investors acquire Swords Central Shopping Centre for €11m". The Irish Times. Retrieved 14 August 2024.
  9. ^ Fagan, Jack (6 November 1996). "Retailers Prepare to Dock at Athlone's Golden Island". The Irish Times. No. Page 23.
  10. ^ Murphy, David (20 April 2001). "Dunnes sales slipping". Irish Independent. Retrieved 7 September 2023.
  11. ^ "IMC Cinema | Golden Island Shopping Centre, Athlone". Retrieved 8 December 2018.
  12. ^ "IMC Athlone in Athlone, IE - Cinema Treasures". cinematreasures.org. Retrieved 8 December 2018.
  13. ^ "The movie man". Westmeath Independent. 26 October 2011. Retrieved 31 July 2024.
  14. ^ "Memories of Athlone cinemas". Westmeath Independent. 25 May 2022. Retrieved 31 July 2024.