Portadown’s High Street Mall has changed hands. The purchase by the Hillsborough-based Brittas Properties was confirmed this week.
The mall was placed on the market in July by Lisney Agents of Belfast, and Brittas – part of the all-Ireland Fitzwilliam Group – completed the deal on Monday. The price has not been disclosed, but it is thought to be well into seven figures.
Brittas property director Nigel Kinnaird commented, “We are delighted to be the new owners of High Street Mall and with our wealth of experience in retail and property, we very much look forward to developing the mall that will reflect positively not only in the property itself but the centre in Portadown.”
The mall was built in 1996 by the Irwin family, replacing the former family bakery which occupied the entire site and moved out to Carn. It was master-minded by the late Mr Kenneth Irwin and has been a significant development in the regeneration of the town.
However, a few of the units have never been occupied, and a number of firms moved out in recent years, a reflection of the recession and competition from the likes of Rushmere in Craigavon.
The sale comes in the same week when it was confirmed that Mothercare – one of the earliest tenants – decided to move out. But that is because Mothercare has decided nationally to move into retail parks. And the Portadown Times understands that a significant tenant, to be announced soon, is moving into the vacant unit, with other tenants to follow.
The mall was extended in 2000 and 2013, and currently occupies 140,000 square feet with 540 car parking spaces. The anchor tenant is Dunnes, with others including Home Bargains, Argos, Superdrug, Peacocks, Gordons Chemist, Holland and Barrett, Faith Jewellers and Blue Inc.
Centre manager Tracey Jackson said, “The High Street Mall team and our retailers are extremely excited. Given the strong appetite in the market for retail-led opportunities, now is the ideal time for this change.”