The owners of Kildare Village expect the coronavirus pandemic to have a “significant impact” on the business, but say they are in a strong enough financial position to guide the shopping centre through the crisis. Value Retail, whose backers include property giant Hammerson, said it does not envisage any material changes being required to credit loss positions despite the pandemic. As well as Kildare Village, Value Retail also owns eight other outlets centres in Spain, Italy, France, Belgium, Germany and the UK, including Bicester Village. Value Retail Management Ireland, the local entity that runs Kildare Village, recently lodged accounts for 2019, which showed the Irish business was in a relatively healthy state prior to the pandemic. In 2018 it obtained planning permission for a €50 million extension at Kildare Village.

Source: The Irish Times March 29, 2021 15:39 UTC