LAGANBANK retail park in Lisburn is now fully occupied following confirmation that furniture retailer Upstairs Downstairs is to open the final 10,000 sq ft unit in the scheme this week.
Developed by JH Turkington & Sons, the site comprises 50,000 sq ft in total and is already home to leading multiples such as TK Maxx, Pure Gym and Ground Coffee.
Colin Mathewson, senior director at commercial property agency CBRE, said: ”We're thrilled to have completed the leasing of this scheme with such high calibre tenants on behalf of the landlord.
“The development occupies a prime city centre site with easy access and excellent car parking availability, and although the general retail environment remains challenging, Laganbank provides large retail space at affordable rents where there is currently demand.”
Geoff Sharpe, head of corporate at Danske Bank, said: “We have worked with Turkington for a number of years and are delighted to have provided the funding for its latest scheme in Lisburn.
“The business has a strong track record of identifying redevelopment opportunities with high commercial potential, but which also add value for the communities they are in.
“This project has seen extensive regeneration and redevelopment of the existing site in order to create new units that have attracted high quality tenants to the location, which in turn is of real benefit to the Lisburn area, both in terms of the retail offering and job creation.”
Michael McQuaid, owner of Upstairs Downstairs, who has been involved in the furniture trade for more than 35 years, said: “This will be our second store in Northern Ireland, following a successful launch in Enniskillen in 2016.
“This store will create seven full-time jobs and a number of part-time positions, and we chose Lisburn due to its high-profile location and the volume of foot-fall in the new retail park.”
