Belfast Telegraph

Retail and office sale is 'another boost for Lisburn'

By Margaret Canning

A retail and office building in Lisburn has been sold to a UK investor in the latest multi-million transaction for the commercial property market.

Bow House is home to Barclays Bank, Vodafone, O2, Card Factory, Iceland Frozen Foods and offices of the Department of Finance and Personnel.

It was on the market for £3.75m through CBRE and O'Connor Kennedy Turtle on instructions from business advisors BDO and had been part of the empire of Thomas and Francis Jennings of Valto Ltd.

CBRE director Andrew Coggins said Lisburn was now viewed by investors as a city with potential for rental and capital growth.

And he said healthy demand would persist.

"We have seen over £250m of investment transactions in Northern Ireland to date and forecast a further £250m of deals to close by the end of the year."

Lisburn's retail development Lisburn Square, which also belonged to Valto, was sold earlier this year to investor, Marcol, for close to its £2.25m asking price.

Belfast Telegraph