The centre, which is situated in the townland of
Goldenisland (Kilmaine), was developed, on the site of a former landfill, by Owen O'Callaghan, Michael Tiernan and Tom Diskin. With the aim of attracting more business to the
Midland Region of Ireland, the centre opened in October 1997, and has gained a footfall of 65,000 a week. The shopping centre was sold to
Tesco for €52 million in 2005, and it was registered on . Tesco stated in June 2015 that it was considering selling the centre, and the building was purchased by
Credit Suisse on for €43.4 million. On 1 May 2019, Credit Suisse put the centre on sale for €41 million. It was purchased by a fund managed by Davy Real Estate in late 2019. As of 2024 the infamous islands of Golden Island have been removed. == Retail units ==