Mallow back in business after recent retail sales and activity

Munster crossroads town Mallow is on the road back to recovery, on the evidence of recent sales and deals, with a re-launched Mallow Development Partnership and the Mallow Chamber of Commerce noting ‘light at the end of the tunnel’.

Mallow back in business after recent retail sales and activity

Savills’ Commercial Director and Mallow native Peter O’Meara says the town is turning the corner as market activity picks up.

High Street retail slumped since 2008, with the majority of enquiries over the past five years being from discount-style retailers, says O’Meara, noting: “Mallow has been no different to any other town or city in this regard.

“One of the reasons that it seems more prevalent in Mallow is the fact that its Main Street is so long.

“Significant recent activity includes the sale of the former Mallow Park Hotel to MM Capital for a figure close to €320,000/€330,000, and a planning application is being prepared for a retail-led development, comprising one or two large units locally, with negotiations ongoing with potential tenants.

“This will provide a significant lift to a prime area of the street, given that the property has been semi-derelict for a number of years,”says the Savills director.

“Also, the recent sale of the Clock House (reportedly to a firm of accountants) will further lift the street’s appearance. These are two iconic town centre sites and their re-development/upgrading is critical to Mallow’s resurgence,” states Mr O’Meara.

He says the AppleGreen investment at The Spa, vacant for many years, is also good news.

“All these investments will prove to be beneficial to the town and should help to boost the perception from outside as well as from within.”

Mallow has also seen large investment over the last two years from Cork County Council who firstly bought the town’s historical castle (in excess of €2 million) and in August agreed to pay over €1 million for Mallow Town Park.

Those two purchases may not have a direct commercial impact, but will enhance the town’s ability to attract tourists, one of the main aims of the re-launched Mallow Development Partnership group, according to Mr O’Meara.

DETAILS: www.mallow.ie.

More in this section

IE_180_logo
Price info

Subscribe to unlock unlimited digital access.
Cancel anytime.

Terms and conditions apply

IE logo AIBIE property logo live

property live mpu pic

Thursday, September 30

Puzzles logo
IE-logo

Puzzles hub

Visit our brain gym where you will find simple and cryptic crosswords, sudoku puzzles and much more. Updated at midnight every day. PS ... We would love to hear your feedback on the section right HERE.

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up