Category: News (101)

In November 2018 Oakland Holdings announced they had completed Belfast’s biggest ever office deal and confirmed PwC would be the anchor tenant of the Merchant Square development.

In a further announcement today, PwC have confirmed they have signed a 20 year lease for the entire building. This provides them with 200,000 sq. ft. of Grade A office accommodation across nine floors, plenty of space to accommodate 3,000 staff.

Paul Terrington of PwC said they are looking forward to the move: “PwC Belfast is currently the biggest and fastest growing office outside London, with close to 2,500 people supporting a wide range of global clients” and added “they have ambitious plans for growth.”

TDK’s Stephen Deyermond is delighted to have conducted this search and concluded the negotiations with Oakland on behalf of PwC.

Read the full story below:
PwC – Merchant Square, Belfast


Today The Range has announced it will be opening a 65,000 sq. ft. superstore and garden centre in the former B&Q site on Boucher Road, Belfast.
The popular budget department franchise sells homeware, leisure, fashion and gardens goods. They have over 160 across the UK and 5 stores throughout Northern Ireland in Connswater, Ballymena, Portadown, Derry and a store under construction in Glengormley.

The former B&Q site which comprises a 150,000 sq. ft. warehouse has submitted a planning application to turn it into five separate units and redevelop the front façade. It is hoped the Range will be open by the end of 2019.

TDK have been in discussion with a number of well-known retailers who have expressed interest in the remaining four units which range from 11,550 sq. ft. to 32,500 sq. ft.
Having secured The Range, anchoring half the site, we are sure it won’t take long for this rest of the units to be snapped up creating another strong retail hub in the Boucher area of South Belfast.

Read the full story here – The Range superstore – Boucher Road, Belfast

Five Guys have opened their third store in Northern Ireland at Boucher Square, Belfast, this compliments their existing units at Victoria Square, Belfast and Rushmere SC, Craigavon.

The unit let by TDK is located in the successful Boucher Square which is home to several national food and beverage operators including Costa Coffee, Frankie and Benny’s, Nandos and Eddie Rockets.

With Boucher Retail Park situated directly opposite the scheme the area has become Northern Ireland’s premier one-stop leisure and hospitality destination providing all the shops and eateries you need for a day out.

A sixth unit is currently under construction, it is due for completion early 2019 and we are sure it won’t take long before we are welcoming another new name to Boucher Square.

TDK are thrilled to see Taboo open their fifth store today.

The unit on Fountain Street was let by TDK following the success of their first Belfast store in Ann Street which has recently been extended to include an extensive seating area. Taboo first opened in June 2018 and now have 5 stores throughout Northern Ireland.

With Tim Hortons and Bob & Berts as their neighbours we think this might be Belfast’s sweet spot!

PwC have today announced they will be relocating their offices to Merchant Square, Belfast in the summer of 2020, in what will be Belfast’s biggest ever private sector letting.

Merchant Square is a £70 million complex being developed by Oakland Holdings, it is situated in the heart of Belfast city centre at the junction of Wellington Place and Upper Queen Street and combines the former Oyster House and Royston House.

Upon completion it will provide over 200,000 sq. ft. of Grade A office space on 9 floors. Plenty of space for 3,000 employees which will aid PwC with their future plans for additional job creation. This will be their largest regional office outside London.

TDK have been advising PwC on the acquisition and we are delighted they have found their new home in Belfast.

Read the full statement from PwC – click the link below:
PwC – Belfast’s Biggest Office Deal

Bangor’s Royal Hotel which has been derelict for four years has been purchased by Northern Ireland regeneration and development company Expedia Capita, in an acquisition which TDK advised on.

Expedia Capita plan to transform the hotel to include four ground floor restaurant units and twenty one high quality apartments in the floors above. The iconic frontage of the hotel will be retained as part of this regeneration project.

The scheme is estimated to cost £3 million. During the construction phase it is expected 40 jobs will be created, with a further 50 long term posts created within the restaurant units when completed.

Planning application for the project is due to be submitted in the coming weeks.
John Ferris from Expedia Capita is “delighted to be able to bring life back to an iconic Bangor building” and he is sure ” that the redevelopment will add to the commercial life of Bangor.”

Commenting on the new ground floor retail units which TDK have been instructed to market, Mark Thallon Retail Partner in TDK said “We feel this scheme will act as a catalyst for regeneration within Bangor Town Centre, there is good demand in the ground floor units prior to us commencing formal marketing and we hope to be able to make some significant announcements over the coming months.”

For the full story – Clink the link below
Bangor’s Royal Hotel – Regeneration

Thai takeaway Camile is due to open its second restaurant in Belfast.
Camile first opened on Belfast’s Lisburn Road. It is now opening a branch in Ballyhackamore area East Belfast.

TDK has been at the forefront of the Ballyhackamore regeneration having recently let Pizza Express, Caffe Nero and Clements Coffee. We are sure Camile will be another success story in Belfast’s newest foodie destination.

To read the full story click the link below.

Belfast Telegraph – Camile to open second restaurant

The former Ulster Bank building in Newcastle was bought by Alterity Investments, has recently been redeveloped to provide 5 apartments and a purpose built ground floor retail unit. The ground floor unit on Main street, Newcastle is currently let to Caffe Nero on a 10 year lease creating a yearly net income of £35,000 is being marketed for £500,000. Alterity Investments have been working with Caffe Nero to expand outside Belfast. The unit is situated amongst a combination of retailers, restaurants, cafes and guest houses.

Caffe Nero is one of the fastest growing coffee shop businesses in Northern Ireland with more than 20 stores in the province. Most recent openings include Ballyhackamore and The Soloist Building near the Waterfront Hall. Another store is due to open in South Belfast, Ormeau Road. The coffee chain is now worth an estimated £230m across its UK business.
Alterity Investments have had recent success in developing purpose built destinations with Boucher Square, Belfast which houses Nandos, Eddie Rockets, Prezzo, Costa Coffee and Frankie & Benny’s.

For the full story – click the link below

http://www.belfasttelegraph.co.uk/business/co-down-exbank-building-leased-to-coffee-chain-goes-on-sale-for-500k-36100480.html

Queen’s Parade area of Bangor is a step closer to regeneration.

Ards and North Down Council have announced Anglevale Consortium have been selected to develop Queen’s Parade Bangor. The aim is to draw people back to Bangor and revive connectivity between the town and the waterfront.

The scheme which TDK are advising on will focus on providing entertainment, leisure and hospitality. The proposal includes plans for a 4 Star hotel overlooking the waterfront created by Beannchor, the company responsible for Bullitt and Merchant hotels in Belfast.

The proposal also includes a family entertainment centre and three auditorium cinema which has multiple uses as a venue for festivals and concerts. An outdoor covered space will be used to host pop up events, markets and exhibitions. A multi-story car park will be provided at the rear of the site.

The council and Anglevale hope to begin works in early 2018.

For the full story and short video visit the link below.
http://www.ardsandnorthdown.gov.uk/news/75m-development-scheme-for-queens-parade-bangor

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”.