Bridgewater Shopping Centre is located on a spectacular 11 acre waterfront site. The centre comprises 380,000 sq ft of which 333, 682 sq ft is retail accommodation (40+ stores) including 970 car parking space and an average weekly footfall of over 50,000 people. The scheme offers a top quality retail and leisure tenant mix and draws visitors from a wide catchment. The summer months and seasonal holidays are subject to a significant increase in tourist visitors and the centre has a very vibrant trade.
The shopping centre benefits from a large proportion of multiple UK and Irish retail fashion brands including TK Maxx, Boots, Argos, River Island and New Look. The centre is also anchored by Dunnes Stores and also has a large cinema operated by Omniplex. This strong retail presence is highlighted by Bridgewater having an average retail spend of €73 per visit, 8% more than the Shopper Dimensions average.
Bridgewater Shopping Centre is situated in Arklow, Co Wicklow, a thriving commuter town which is perfectly located mid- way between Dublin and Wexford on the busy N11 Euro 1 route. The centre is a 20 minute drive from Gorey, 2 minute drive from Arklow and a 5 minute drive from the M11 roadway connecting Dublin and Wexford. The population within a 15 minute drive time of Arklow Town Centre is 32,000. Located nearby to the Arklow IDA Business & Technology Park, a c.79 acre site which is home to manufacturing and international services firms such as Elavon merchant services and Arc building products.
The majority of the 15 minute drive time population are employed and have a higher weekly household spend than the national average. This is highlighted by the fact that the two dominant age groups for this population are 25-44 and 46-64 years. Arklow has 4 primary schools and 4 secondary schools indicating a large potential market base. Market share in the core catchment is 78%, illustrating a tight, local and loyal catchment as well as a market potential of € 31.1m.
This local and loyal catchment is highlighted by the fact that average frequency of visit and average spend per visit is above the Shopper Dimensions average. Total Comparison expenditure within the catchment is €204.4m and Arklow is expected to capture 20% of that which amounts to €41m. This is expected to increase with planned residential pipeline development in the short to medium term offering potential increases in comparison spend.