New financial records reveal that Value Retail Dublin Ltd saw a revenue increase of €3 million, or 16 percent, rising from €18.47 million to €21.47 million.

The company’s directors noted that by the year’s end, 91.5 percent of space was leased, a slight improvement from the previous 90.1 percent occupancy rate.

Following an expansion of the shopping area, the village’s total leasable space grew to 21,606 square meters, nearly doubling from the original 10,968 square meters when it opened in 2006.

Kildare Village offers a range of brands, including Louise Kennedy, Guess, Armani, DKNY, Furla, Calvin Klein, Coach, Sweaty Betty, Polo Ralph Lauren, Puma, Swarovski, and Gym+Coffee. Currently, it houses 125 units, employs 1,500 people, and attracts around 4 million visitors annually.

According to a planning application by Kildare Village’s planning consultants, RMLA, the annual revenue generated at Kildare Village is estimated at €182 million.

In July, UK property firm Hammerson announced it sold its stake in Value Retail, which owns a collection of fashion outlets, including Kildare Village. This stake was acquired by a company backed by US private equity firm L Catterton, for £1.5 billion, providing Hammerson with £600 million in cash.

Value Retail Dublin Ltd’s directors expressed satisfaction with the year’s results and confidence in the company’s future. They noted that the company is in discussions with additional brands interested in operating in the village and is progressing with commercial and trading efforts.

Despite this, the company reported a pre-tax loss of €13.25 million, a €19.45 million downturn from the previous year’s pre-tax profit of €6.22 million. The loss was attributed to €8.5 million in net finance costs, a €5.37 million derivative fair value loss, and a €3.9 million write-down in investment property value.

Revenues for the year included €11.84 million from license fees, €9.06 million in service charges, and €569,000 from other income sources.

During the year, Kildare Village successfully challenged “overly restrictive” planning rules on the sale of certain goods, leading Kildare County Council to amend conditions in December 2023, allowing stores to sell a limited selection of non-discounted items, capped at 10 percent of any individual store’s inventory.