American retailer TK Maxx has agreed the rental terms for its use of the Stonebridge retail unit on Wexford Town’s quay front.
The popular department store chain, which sells clothing, footwear, bedding, and other domestic goods, will pay 5 per cent of its turnover in lieu of rent. The company will also receive a 30-month rent-free period.
The 25,000 sq ft Stonebridge development on the quay has gone largely unused since its construction.
In September, An Bord Pleanála rejected an objection to TK Maxx by local businessman Nigel Hamilton.
Although initial reports suggested the store would attempt to open before Christmas, an official company spokesperson has said a pre-Christmas opening is “unlikely.”