Belfast Telegraph

Australian-based firm snaps up vacant industrial premises

By Margaret Canning

An industrial building in Lisburn which formerly housed a US IT firm has been sold for over £500,000, the Belfast Telegraph can reveal.

The former Sanmina premises on Ballinderry Road, which had lain empty for around four years, has been snapped up by Australia-headquartered firm Plastec.

It's believed Plastec paid £600,000 for the six acre industrial development.

Commercial property agents CBRE, which negotiated the sale, said the new owners planned to refurbish the property into separate industrial and warehouse units to be let out.

David Wright, agency director at the firm, said: "Despite the industrial development market remaining extremely challenging, demand still exists for property in the right location and priced accordingly.

"This sale demonstrates that the Ballinderry Road/Knockmore area of Lisburn remains an important industrial location in the greater Belfast Metropolitan area."

While plumbing supplies account for Plastec's main business, it's understood subsidiary Plastec (Northern Ireland) - set up in July last year - will concentrate on property development.

Around 300 jobs were lost at Sanmina four years ago when the company, which makes cabinets for computers and generators, announced it was moving to Hungary to take advantage of lower wage costs.