Belfast Telegraph

New owners of CastleCourt shopping centre take on Glasgow building in £41m deal

By John Mulgrew

A Co Down property firm which recently bought CastleCourt shopping centre is taking on another office development in a £41m deal.

Holywood firm Wirefox, headed by BJ Eastwood, has completed the purchase of City Park, a 294,000 sq ft building on the edge of Glasgow city centre.

The five-storey building underwent major redevelopment works in 2002 to convert it to office space, and is currently occupied on a multi-let basis by a variety of high-profile tenants.

It was formerly a tobacco and cigar factory.

It comes just weeks after the firm announced the £43.5m acquisition of another office development in Glasgow.

Wirefox purchased the 11-storey Capella building, which comprises more than 100,000 sq ft of office space and is located in the heart of Glasgow's international financial services district.

In May, Wirefox completed the £18m purchase of Silvan House in Edinburgh, which is let to the Scottish government, as well as the Southergate shopping centre in Dumfries town centre last September for £6.75m.

In July, Wirefox completed the purchase of CastleCourt shopping centre in Belfast for £125m from Hermes Investment Management, in one of the biggest transactions to take place here in recent years. The new owners said they plan to invest "significantly" in the centre.

Belfast Telegraph Digital

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