Belfast Telegraph

CBRE named top letting agents for Northern Ireland retail and leisure parks

By Margaret Canning

Commercial property specialists CBRE have been named top letting and managing agents for retail and leisure parks.

The asset services arm of the agency is now responsible for retail and leisure destinations such as south Belfast's Balmoral Plaza, Newry's Damolly Retail Park and Holywood Exchange.

CBRE was given the number one ranking in industry report the Definitive Guide to Retail & Leisure Parks.

Brian Lavery, managing director of CBRE, said the result reflected its prowess in retail agency and property management.

Colin Mathewson, formerly of Osborne King, joined CBRE last year as retail director -and Mr Lavery said his experience had strengthened the letting business of CBRE.

Gerard McCann, head of asset services at the agency, added: "Over the last year we've added to our existing retail management portfolio and its simply because we are delivering an effective and efficient service that ensures first-rate property and asset management, adding real value to our clients' portfolios."

The Definitive Guide to Retail & Leisure Parks 2016 by Trevor Wood Associates also said that the recent closure of four B&Q DIY stores in Ballymena, Belfast's Boucher Road, Londonderry and Craigavon had led to the province having the highest retail warehouse vacancy rates in the UK.

Just under 12% of retail warehousing space in Northern Ireland was empty - well up from 9.7% during the previous six months.

It also placed north Belfast's Cityside at number five in a rundown of the top shopping and leisure parks in the UK.

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