Cork retail deals at a TK Maxx?

RETAIL developments in Cork in the coming months suggest the marketing of the Wilton Shopping Centre, in a portfolio offer, and TK Maxx opening up in the former Tesco unit in Douglas Shopping Centre.

The Douglas space has been vacant since the centre’s €80m redevelopment in 2008, when Tesco moved from 25,000 sq ft to 90,000 sq ft. Negotiations with TK Maxx are understood to be taking place with the centre’s owners, the Shipton Group, who also recently secured a gym operator for an upper-floor space in the multi-level development.

TK Maxx have 1,000 stores worldwide, with 300-plus in Europe and 20 in Ireland. There is one in Cork City centre, above Lidl’s basement store on Cornmarket Street.