Dundrum Town Centre, the second largest shopping centre in Ireland, contributes €122 million to the economy in wages and tax revenue, a study has found.
The research undertaken by JLL, the professional services and investment management company, and Envoy Partnership, a research firm, found the south Dublin shopping centre supported 3,824 jobs — half of which were filled by workers aged 25 or under.
These employees earned a combined €93 million per year, the research found. Employers contributed a further €29 million in taxes and paid €9.2 million in business rates.
Simon Betty, director of retail, Ireland, at Hammerson, which owns the centre, said the company was committed to delivering socio-economic benefits through its portfolio of assets, as well as commercial gain.
“[Retail] provides skills, training and employment opportunities, particularly for younger people, and it makes a positive contribution to the local economy,” he said. “The retail landscape is evolving at a faster rate than ever before and this report demonstrates the continued important contribution that retail destinations can and should increasingly make.”