Shopping Centre and Retail Park

Dominant retail scheme in Bangor, providing a total of 425,085 sq ft of retail and ancillary accommodation, located on a 30.85 acre (12.48 hectare) site. The shopping centre element of the scheme opened in 1992, was refurbished in 2001, and was extended in 2002 to accommodate the Marks & Spencer and Tesco anchor stores. The centre now extends to 288,234 sq ft and comprises 49 retail units arranged within three malls which radiate from a central square. The accommodation is predominantly arranged over ground floor level, however TK Maxx and Next trade over two levels. Currently produces a total gross passing rent of £3,336,498 per annum and a net passing rent of £3,112,289 per annum after the deduction of landlord’s shortfalls.