Northern Irish retail parks Junction One and The Outlet sold

By

Cajsa Lykke Carlson

Published
Apr 7, 2016

Junction One and The Outlet are two of the largest retail parks in Northern Ireland, covering a combined total of 95 acres of land and offer 597, 035 sqft. of retail and leisure property.

The two parks have now been sold to European Property Investors Special Opportunities 4 (EPISO 4), an opportunity fund advised by pan-European real estate investment manager Tristan Capital Partners, for over €55m.

Junction One, which opened in 2004, is located in Antrim and has brands including LIDL, Homebase and BM Bargains. The Outlet is located on the outskirts of Banbridge and has over 50 brands, including M&S, Next, Nike, DKNY, LK Bennett and GAP.

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Peter Mather, Managing Director at Tristan Capital Partners, said: “This deal represents a unique opportunity to bring together two outlet centres currently under separate ownership for the first time. Combined, these centres account for the vast majority of the Outlet Market in Northern Ireland, with both sites already housing a broad range of national and international occupiers, including strong anchor tenants. The next step will be to enhance, differentiate and diversify both sites by investing significantly and working with specialist asset management partners in Northern Ireland and London.”

EPISO 4 will work with The Lotus Group as its local partner and plans to rejuvenate the two retail parks.