Two major NI shopping centres up for sale

Foyleside Shopping Centre is up for sale
Author: Gareth McCulloughPublished 4th May 2023
Last updated 4th May 2023

Two of Northern Ireland's most prominent shopping centres are up for sale.

Forestside Shopping Centre in Belfast and Foyleside Shopping Centre in Derry/Londonderry are both on the market.

Ben Turtle, Head of Savills Northern Ireland, the Estate Agents in charge of the sale, said: “These sales represent a rare opportunity for investors to acquire 100% prime and dominant retail schemes that consistently outperform from an occupational and consumer perspective. We have no doubt they’ll be well received in the market.”

Notable tenants at Forestside, situated in South Belfast, include Marks & Spencer, Dunnes Stores, Sainsburys, Next, H&M, Boots, and Waterstones.

The shopping centre is 100% let and attracted more than 5.1 million visitors in 2022. Recent new lettings were secured to Pandora and Cardzone.

Forestside

Foyleside Shopping Centre comprises 53 retail units across four levels, along with on-site parking for approximately 1,520 vehicles. Occupiers of note include Frasers, Dunnes Stores, Marks & Spencer, Boots, Next, and H&M.

New lettings were secured to Toy Town and Rituals, showcasing the centre's ongoing success.

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