The Swedish retailer has signed a 25-year lease on a 14,000 sq ft (1,300 sq m) two-level store, with frontages into the mall and onto Mary Street.
ILAC owners British Land and Irish Life will be extending the former Eason's unit to accommodate H&M. Construction will begin in the next few weeks, and the store will open next autumn.
British Land director Merrick Marshall said: 'H&M's broad fashion range will act as a tremendous attraction for the ILAC Centre and will complement the line-up in Henry Street and Mary Street.'
Firmount acts as asset manager at the mall. Palmer McCormack was the letting agent and Hamilton Osborne King acted for H&M.
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