NI-owned Magell Limited officially acquires ownership of Ballymena shopping centre in partnership with Melcorpo Group
An acquisition deal has been completed to bring the Fairhill Shopping Centre under the ownership of Ballymena based property development and investment company Magell Limited.
Purchased for an undisclosed sum in partnership with the Dublin-based Melcorpo Group, Fairhill has returned to local ownership after a period of ownership by German investment group Patrizia AG.
Fairhill Shopping Centre extends to circa 280,000 sq. ft. with notable tenants including Marks & Spencer, Next, JD Sports, H&M, River Island, Starbucks, Superdry, ToyTown and Burger King.
Speaking about the acquisition, Ryan Walker of Magell Limited said: “Fairhill Shopping Centre is an exciting addition to our portfolio and one which represents fantastic opportunity, both for our company and for the town of Ballymena. We are proud to be bringing the centre back under local ownership and intend to cement a hands on, active management style that best supports the future of the centre and the tenants within it.”
Leading Belfast law firm Millar McCall Wylie acted for Magell Limited and its investment partner in the purchase: “We were delighted to play a role in the acquisition of Fairhill Shopping Centre on behalf of the purchaser,” comments Simon Fleming, Director, Millar McCall Wylie.
“This family-owned business will undoubtedly go on to maximise the potential of the centre and lead it into a fresh new chapter,” Simon Fleming said.
TDK Commercial Property Consultants advised on the acquisition and have been appointed as letting and managing agents. Mark Thallon, Partner in TDK commented “Fairhill Shopping Centre offers a great opportunity and we look forward to working with the new owners to realise the full potential of the centre.”
Planning permission has been granted for a new 20,000 sq. ft. M&S Simply Food store at Bridgewater Retail Park Banbridge, by Armagh City, Banbridge and Craigavon Borough Council planning committee.
Great to see a Council leading the way in recognising the positive impact development can have in creating jobs and bringing investment to Banbridge and the wider Borough.
Approval in this next phase of the Retail Park, which TDK are appointed as letting and managing agents, brings a £6 million pound investment and will create 70+ new jobs.
#letbytdk #m&ssimplyfood #jobs #investment
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
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.
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
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.