Glenora, Maryborough Hill, Douglas, Cork went to the market seeking offers around u 1.1 million and achieved in the region of u 1.5 million after competitive bidding. Greenbanks on Well Road in Douglas, the former home of musician Rory Gallagher, went to the market with an asking price of u 2 million and sold later for u 2.9 million.
This is an innovative development for urban living with a mix of large townhouses, 2 and 3 bedroom duplex units and 2 bedroom apartments with prices from u 385,000. Other developments under construction include 900 units at the Old Quarter in Ballincollig, 1,000 units at Castle Lake in Carrigtwohill and 275 units at Convent Avenue in Sundays Well.
This illustrates a growing confidence among developers that retailers will occupy the units they create. Of particular interest to Lisney for 2007 will be the commencement of the new open use consent retail park on the site of the Springhill Shopping Centre in Bangor.
We have already let the 6,968 sq m anchor store to Tesco and we will have in excess of 6,968 sq m of open class A1 units to let in early 2007. Conveyancing expenses have persistently been scandalously lavish www.enactconveyancingbrisbane.com.au; by and by it truly is developing to be the situation that this is no more exact. The grocery sector continues to trade well. The larger operators still pursue expansionary strategies and curiously, despite our low catchment figures relative to those typically seen in England, many of our grocery stores remain among the best performing in UK portfolios.
As retailers find trading more challenging they are less inclined to pursue expansionary policies and, if anything, they are more likely to rationalise the number of units they have. A number of long established local companies selling higher end furniture and homewares are struggling, while companies such as Dunelm, Au Naturale, DFS and the like, continue to trade well.
The differential between local operators and the multinationals is not determined by price or quality in Northern Ireland, but by marketing and advertising budgets. Again this indicates the modern customer’s increasing preference for disposable goods and better value. 2006 has shown encouraging signs in demand for Grade A space, especially from the private sector.