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PRIVACY
Commercial Property

Ballymena shopping centre and Belfast retail park up for sale as retail reopens

Shane Retail Park is on the market for £19.7M while Fairhill Shopping Centre has a £10M price tag

Shane Retail Park in Belfast

Two prominent out-of-town retail sites in Northern Ireland have been put up for sale.

Shane Retail Park on Belfast’s Boucher Road has gone on the market for £19.7 million while Fairhill Shopping Centre in Ballymena is offered at £10M.

The former stretches to 170,000 square feet of space and is fully let with a 50,000 square foot anchor tenant in the shape of Homebase, along with others including Oak Furnitureland, Dunelm Mill, EZ Living, Costa Coffee, Carpetright and Dreams.

Fairhill, meanwhile, covers 280,000 square feet and consists of Marks & Spencer, JD Sports, Next, Sports Direct and others. It also includes a Debenhams. The retailer’s online presence was recently bought by BooHoo but it’s stores across the º£½ÇÊÓÆµ are set to close.

Fairhill’s price tag is far from the £45.6M paid by property fund Rockspring in 2015.

It is being marketed by agents Savills, which is also joint agent for Shane Retail Park along with CBRE.

Robert Ditty, Senior Director at CBRE NI, said he expects interest for the Belfast development to be strong.

“Shane Retail Park is one of the best ‘Bulky Goods’ retail developments in Northern Ireland, and given that it is fully let with a wide range of well-renowned tenants, we are anticipating extremely high levels of demand from a variety of investors.”