Belfast Telegraph

Industry bible names CBRE as top agents for letting and managing

By Staff Reporter

Commercial property agents CBRE has been placed top in Northern Ireland in a ranking of retail and leisure park agents.

The firm gets the number one spot in a report by analyst Trevor Wood Associates for its work as both management agents and letting agents of retail and leisure parks.

Trevor Wood Associates’ Definitive Guide to Retail & Leisure Parks is a go-to report in the agency world.

CBRE is asset manager for destinations including Great Northern Retail Park in Omagh, Laganbank Retail Park in Lisburn, Westwood Retail Park in west Belfast and Newry’s Damolly Retail Park.

Brian Lavery, managing director of CBRE, said: “We are delighted to be named number one in Northern Ireland for both lettings and management of retail parks.

“The result is reflective of the fact that key industry players recognise that CBRE Belfast have the retail agency and property management expertise to add significant value to their retail assets.

“The experience of Colin Mathewson, senior director of retail agency in particular, has ensured our lettings business is strong.”

CBRE said the retail park sector in Northern Ireland was performing strongly, with recently lettings including EZ Living, TK Maxx and Pure Gym, while food operators such as Greggs, KFC and McDonald’s were actively seeking sites.

Naoimh McConville, associate director at MJM Group — which acquired Damolly Retail Park last year in a £30m deal, added: “CBRE deliver a seamless lettings and management service to us in respect of Damolly Retail Park which is currently fully let.

“We have retained all the tenants since acquiring the retail park last year, ensuring its position as one of the best performing retail parks in Northern Ireland.”

Mr Lavery added: “The rankings are an endorsement of the expertise and dedication of the team. We are very proud of the retail and asset services teams in the Belfast office.”

Meanwhile, footfall figures from Springboard and the Northern Ireland Retail Consortium this week revealed a 0.1% increase in the province’s shops — from shopping centres to high streets and retail parks — during April. It was the first growth during 2017 so far, well above the three month average of -2.7%.

But footfall in retail parks in Northern Ireland had fallen, though shopping centre footfall rose 5.4%.

The NIRC said the uncertain political climate was hitting consumer spending.

Belfast Telegraph