Penneys has confirmed that it will open a new store in The Square Town Centre in Tallaght next year, creating 300 new jobs.

The fashion retailer said the 43,000 sq ft store in will be located on the ground floor of the centre in south Dublin and will be its 37th store in Ireland.

"In the coming months, our teams will be working hard to bring Penneys' unique in-store design and customer experience offering to life and we are looking forward to opening our doors to customers later next year," said Damien O’Neill, Head of Sales, Penneys ROI.

Jack Martin, Head of Retail for The Square Town Centre said this announcement has been long overdue for the area.

"For many years, the people of Tallaght have been very vocal in their desire to have Penneys in The Square and I have no doubt they will celebrate this news with us and make this opening a very successful and memorable one," he said.

The Square Town Centre was acquired by US private equity giant Oaktree Capital in 2018 and it is asset managed by Sigma Retail Partners.

Freda O'Donnell, The Square Town Centre’s asset manager from Sigma Retail Partners said securing Penneys as a tenant has been a priority.

"We are thrilled that they are joining our tenant line-up.

"They will no doubt be very successful, and we wish them all the best for now and the many years to come," she said.

The Square Town Centre currently has 160 retail units and consists of 577,500 sq ft located on a site of 27 acres.