THE new-look Mall shopping centre in Armagh is reporting “positive leasing activity” since being acquired earlier this year by Turkington Group.
The scheme has just renewed its lease with anchor tenant Sainsbury’s and welcomed new tenant Hays Travel, with further deals expected to complete throughout 2023.
Comprising 63,000 sq. ft. of retail accommodation in the centre of Armagh city, The Mall is also set to benefit from significant investment from Turkington Group, which intends to transform it into a vibrant and modern shopping hub.
Gary Turkington from Turkington Group said: “We see huge potential to breathe new life not only into The Mall, but into the heart of Armagh through the creation of an unparalleled shopping experience in the city.
“With our commitment to substantial investment and innovative enhancements, we look forward to unveiling an exciting array of retail opportunities that will redefine the future of The Mall.”
CBRE Northern Ireland acted as the advisers on behalf of Turkington Group throughout the transaction.
Its associate director of retail Stephen Smith said: “The Mall has long been established as the dominant retail scheme within Armagh and, since being acquired by Turkington Group, is attracting renewed interest from both local and national retailers and food and beverage outlets.
“The renewal of Sainsbury’s lease as the anchor tenant provides stability and appeal to both shoppers and potential lessee.
“With significant investment on the horizon, The Mall now presents a really exciting lucrative opportunity for potential tenants.”
