CBRE is seeking offers over £67m for the opportunity to acquire a sale and leaseback portfolio from The Range, one of the UK’s most resilient retail brands. The portfolio comprises 10 stores. Two are located in Northern Ireland – in Glengormley and Banbridge – with CBRE NI seeking offers in excess of £12.2m for both assets. Six of the assets are located across England, with one in Wales, and...
Retail
By Brian Lavery, Managing Director, CBRE NI Shopping centres have been part of our lifestyle in Northern Ireland since the 1970s, playing a critical role in the retail market and society at large. They helped create modern-day town squares sheltered from the elements and became vibrant gathering places for shopping and other entertainment experiences. Before the property crash of 2007, they were the...
By Brian Lavery, Managing Director, CBRE NI While recent commentary has had to address some of the difficulties faced by the commercial real estate market in Northern Ireland, one of the most resilient sectors throughout this period has been the out-of-town retail park market. Our latest CBRE NI research, published just last month, revealed that retail parks are strongly outperforming the broader...
The Mall shopping centre in Armagh has received a significant boost following the recent opening of Specsavers at the retail scheme This latest letting follows the arrivals of Faith Jewellers and Hays Travel, reinforcing The Mall’s status as a thriving retail destination in the heart of Armagh. CBRE NI is the letting and management agent for the scheme, which was acquired by Turkington in 2023 and...
Occupancy levels at the Park Centre in Belfast have risen to over 95% following the arrival of a new store amidst a host of leading retailers extending their leases. Global restaurant brand Subway has completed a new long-term lease and undertook a new corporate fit out with the shopping centre. Meanwhile, UK-wide supermarket Iceland, which is one of the shopping centre’s anchor tenants, Clonard...
CBRE NI has been recognised as the leading managing agent for retail and leisure parks in Northern Ireland for the ninth consecutive year in the latest report by premier independent retail and leisure analyst Trevor Wood Associates. The findings, published in the 2024 'Definitive Guide to Retail and Leisure Parks', highlights CBRE NI’s success in managing 1.7 million sq ft of retail parks in Northern...
A commercial development opportunity at Ballee Road East in Ballymena, with full planning permission for a petrol filling station, drive-thru restaurant, EV Fast Charging and an internet café, has been brought to the market for £1.25 million. The development site is set on 3.6 acres in a prime location for commuter footfall, situated approximately two miles from Ballymena town centre and adjacent to...
CBRE NI is currently seeking an experienced Centre Manager for a role at popular shopping venue, Connswater Shopping Centre, in Belfast. Job Title: Centre Manager Location: Connswater Shopping Centre, Belfast Role Purpose: Manage the day-to-day operational activities in line with client / tenant requirements and the required customer service criteria and key performance indicators, oversee all...
CBRE NI is currently seeking an experienced Centre Manager for a role at popular shopping venue, Park Centre, in Belfast. Job Title: Centre Manager Location: Park Centre, Belfast Role Purpose: Manage the day-to-day operational activities in line with client / tenant requirements and the required customer service criteria and key performance indicators, oversee all health and safety, environmental...
Phase 2, Braidwater Retail Park in Ballymena has been sold to a local investor for an undisclosed sum. The 93,000 sq ft asset which has tenants including The Range, Harry Corry and Smyths Toys has been purchased by Magmel (Ballymena) Ltd. Commenting on the deal, Andrew Coggins, Senior Director at selling agents CBRE NI said: “The sale of Braidwater Retail Park is just the latest in what has been...