Work to start on flagship store
Sainsbury's will begin work next month on a new superstore near Bangor, it has been revealed.
Around 350 jobs are expected from the redevelopment of Balloo retail park, with the supermarket giant as one of the anchor tenants.
Planning permission for the 60,000 sq ft Sainsbury's was granted earlier this year. It is expected to begin trading before the end of next year.
David McNellis, agency director at Lisney letting and managing agent, said the company would act as an important draw to the park.
"In a complex deal involving the re-configuration of the existing Homebase space, it is extremely satisfying to have landed Sainsbury's, who will bring a lot of additional footfall to the retail park. We will shortly be releasing the second phase, totalling 20,000 sq ft of retail," he said.
"This will provide excellent opportunities for retailers that are complementary to Sainsbury's and Homebase, and we have already had some expressions of interest, despite the second phase having not yet been released."
The Bank of Ireland has funded the investment.