CBRE dominant in the NI retail & leisure park space

CBRE has once again secured the top spot in Northern Ireland as both letting and managing agents of retail and leisure parks, according to retail and leisure analyst Trevor Wood Associates.

The announcement was made during the launch of the Definitive Guide to Retail & Leisure Parks 2018 at Ten Square Hotel in Belfast city centre.

The Definitive Guide to Retail & Leisure Parks is regarded as the benchmark report for all UK-based commercial property agencies and investors. Trevor Wood Associates are the leading independent provider of information on all retail and leisure schemes in the UK.

Colin Mathewson, senior director, CBRE said: “We are delighted to retain the number one place in Northern Ireland for both lettings and management of retail parks. This reflects the breadth of experience and expertise within CBRE in adding significant value to our clients’ retail assets.

“The retail warehouse sector in Northern Ireland continues to perform strongly, with Belfast in particular trading well and border locations such as Derry, Newry and Enniskillen all benefitting from the suppression of sterling. We expect this trend to continue throughout 2018.”

In Q1 2018, The Range announced its plans to open another store at the former B&Q site on Boucher Road, while Westwood Retail Park is now fully let. Marlborough Retail Park in Craigavon is also well underway with units let to Marks & Spencer, O’Neills and Starbucks amongst others.

Gerard McCann, senior director, CBRE added: “CBRE has one of the largest multi-skilled property management teams operating in Northern Ireland, which is supported by a global platform bringing industry best practice along with the latest technology, systems and processes to the provision of property management services in Northern Ireland.

“This means that we can offer a suite of services that are unique in Northern Ireland, ensuring that our clients’ needs are fully met. We are delivering an effective and efficient service that ensures first-rate property and asset management, adding real value to our clients’ portfolios.”