Business

Bangor retail park reports 10 per cent increase in trade after £400,000 investment

Springhill Shopping Park in Bangor has reported a 10 per cent increase in tenant trade in the first half of 2017
Gareth McKeown

SPRINGHILL Shopping Park in Bangor has seen a 10 per cent increase in trade in the first half of 2017 following a £400,000 investment project.

The news comes as shopper numbers in the north fell across the board in June according to the Springboard industry figures, with retail parks, shopping centres and the high street reporting a slump.

Located on the outskirts of Bangor Springhill has carried out a series of enhancement to entice shoppers in to the centre. This has included increasing the number of parking spaces, introducing new signage and redecorating the retail parade.

The 198,000 sq foot shopping park is anchored by Tesco and last autumn leading brands Costa Coffee and Subway opened their doors to add to the existing tenants.

Neil Workman, property director at Lambert Smith Hampton, said Springhill was bucking the trend seen across the north in retail.

“We have seen a discernible increase in tenant trade from January until June at Springhill Retail Park, with several retailers reporting that sales are up. This is thanks to the recent management initiatives led by the landlord.”

James Charlesworth, asset manager at Savills Investment Management, added:

“We continue to secure strong tenants for the Park and already have a mix of fashion, sports and value offerings which make it one of the most popular retail destinations in the area. We are pleased to see an increase in footfall and we are looking forward to welcoming more new shoppers in the months to come.”

 

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