Belfast Telegraph

Belfast shopping centre sold for £125m

The CastleCourt shopping centre in Belfast has been purchased for £125 million.

Investment firm Wirefox has bought the city centre complex from Hermes Investment Management in one of the largest commercial property deals in Northern Ireland in recent times.

Wirefox, which is based in Holywood, Co Down, said it plans significant capital expenditure in the 365,000 sq ft centre.

The firm is headed by BJ Eastwood, the grandson of well-known bookmaker Barney Eastwood.

Acquisition agents Savills will manage the property.

Ben Turtle, from Savills, said: "Despite the shock of Brexit and ongoing political uncertainty, the retail sector in Northern Ireland continues to perform strongly, with positive retailer performances and robust letting activity.

"With consumer confidence at its highest level since the third quarter of 2015, and the economy expected to grow at a faster rate than previously predicted, we expect Wirefox to reap the benefits of this high-profile acquisition."

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