The Banbridge-based Lotus Group and real estate management firm Tristan Capital Partners have acquired two of Northern Ireland’s largest retail parks in an investment worth more than €55m.
Junction One and The Outlet are marketed together and cover 95 acres of land with 55,465 sq.m (597,035 sq.ft) of retail and leisure property.
Junction One in Antrim opened in 2004 and offers 36,480 sq.m (392,682 sq.ft) of shopping and leisure space. It is fully occupied by brands including Lidl, Homebase and BLM Bargains.
The Outlet outside Banbridge has 18,985 sq.m (204,354 sq.ft) of retail space and 50 tenants including M&S, Next, Nike, DKNY, LK Bennett and Gap. A new McDonald’s restaurant is planned for The Outlet along with an eight-screen cinema.
Article by Irish Times