Rockspring has agreed 12 retail and leisure deals at its Rockspring’s Fairhill Shopping Centre, Ballymena, Northern Ireland.
The new lettings will bring in £300,000 pa in rent. Starbucks is the most recent tenant to commit to the scheme, having signed a 15-year lease on a 2,024 sq ft unit. In October 2016, Bakery chain Greggs signed a 10-year lease on a 2,763 sq ft unit, marking its seventh outlet in Northern Ireland.
Asian food chain Chopstix and The Works, a stationery and arts-and-crafts retailer, have also opened at Fairhill on 10-year leases.
Long-term lease extensions have been agreed with H&M, which has extended until 2031, and Hire Class, which operates Remus Uomo and Tommy Hilfiger outlets, which has agreed 10-year extensions on its two units. Boots, Oasis, and the Card Factory have also further committed for five-year terms.
Rockspring acquired the shopping centre, which is managed by its joint venture partner Cordatus Real Estate, in September 2015.
Kim Sardar, assistant director, said: “The brands secured and the lease extensions that we have achieved in just 18 months of ownership are testament to the strength of the town of Ballymena, and the success of our asset management strategy at Fairhill.”
Mike Channing, director at Cordatus Real Estate, said: “The management and letting team has been working hard to deliver a well-run and attractive shopping centre with a good selection of occupiers that positions Fairhill as the premier retail destination in the north-east of the province.”
DTZ McCombe Pierce is the leasing agent.
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