Caffe Nero announces latest branch on Ormeau Road

Alterity Investments and TDK Property Consultants are delighted to announce a letting to
the national coffee chain, Caffe Nero, at 379 Ormeau Road, Belfast.

Advised by TDK, Alterity Investments purchased the vacant property on the Ormeau Road
with Caffe Nero agreeing to acquire the ground floor unit on a new 10-year lease. Planning
is to be submitted to convert the upper floor into residential apartments. This is a further
indicator that the Ormeau Road is increasingly being seen as one of the premier café and
restaurant destinations outside Belfast City Centre.

Richard Faloon of Alterity Investments commented “Working with TDK we were delighted to
identify this location and have assisted Caffe Nero to continue their expansion programme
across Northern Ireland. Ormeau Road is an extremely strong location, which we are
confident will benefit from the presence of Caffe Nero”.

Mark Thallon of TDK commented “The food and beverage sector is undergoing a renaissance
in Northern Ireland and has expanded beyond Belfast City Centre over the past two years,
Alterity Investments are at the forefront of developing purpose-built destinations for
operators having had recent success with Boucher Square, Belfast, which houses Prezzo,
Nandos, Frankie & Bennys, Eddie Rockets and Costa Coffee. We are delighted to again have
advised on this newest development”.

Caffe Nero were represented in the transaction by Frazer Kidd. Brian Kidd of Frazer Kidd
commented “The Ormeau Road had been identified for some time as a potential location for
Caffe Nero, who are keen to expand their brand throughout the Province. Caffe Nero have
in the region of 650 units throughout the UK with 24 coffee shops already in Northern
Ireland. Frazer Kidd are delighted to have advised Caffe Nero on this latest acquisition”.