Business

Green light for major out-of-town retail expansion in Banbridge

New retail units, garden centre and drive thru restaurants planned for Bridgewater Retail Park

A computer generated impression of how the expanded Bridgewater Retail Park in Banbridge could look. The development (top) faces onto The Boulevard shopping outlet (bottom).
A computer generated impression of how the expanded Bridgewater Retail Park in Banbridge could look. The development (top) faces onto The Boulevard shopping outlet (bottom).

Planning approval has been granted for a significant expansion of the Bridgewater Retail Park in Banbridge.

Co Tyrone-based Gortalowry Developments Ltd has secured the green light for a £5.5 million investment at the Co Down site.

It paves the way for five new retail units, three drive-thru restaurants and a new garden centre.

The plans signed off by Armagh City, Banbridge & Craigavon Borough Council in recent days also involve the relocation of the car park used for visitors to the Game of Thrones attraction in Banbridge.

The Bridgewater Retail Park, which sits opposite The Boulevard shopping complex, is anchored by Tesco, with M&S, EZ Living and Home Bargains also occupying units.

Gortalowry Developments is owned by Derek Keys, the man behind the multi-million-pound Euro Auctions business in Dromore, Co Tyrone.

Accounts filed with Companies House earlier this month reveal the property company owned £17.6m in investment properties at the end of last year.

In a report submitted to ABC Council in support of the application, Gortalowry’s agents Inaultus, estimate the new development will create between 122 and 147 jobs.

While the report states the developer plans to invest £5.5m, industry monitor Construction Information Services (CIS) Ireland estimates the development could represent an investment closer to £9m.