TDK help H&M to expand its Northern Irish portfolio.

The Swedish based international retailer is to open new stores in Lisburn and Newry in the coming months, creating around 40 jobs in the process.

Magnus Olsson, H&M country manager for Ireland, said: “We’ve been looking for opportunities to expand our portfolio in Northern Ireland for some time and The Quays in Newry and the Bow Street Mall in Lisburn are ideal locations for us to do so.”

TDK Commercial Property Consultants in Belfast acted on behalf of H&M in securing the stores. Mark Thallon, Retail Partner in TDK, said: “We are delighted to have assisted in these acquisitions and believe these stores will further enhance H&M’s reputation as a market leader in the Northern Irish Retail Market. H&M are also keen to secure other locations within Northern Ireland.”

H&M, which is second in global sales to Zara-owner Inditex, already has stores in Ballymena, Craigavon and two in Belfast. The news comes on the back of the recent announcement on Kilkenny and the company has announced they plan to open 10 new stores across the UK and Ireland this autumn.