Occupancy levels at the Park Centre in west Belfast have risen to more than 95% following the arrival of a new store while a host of other retailers have extended their leases.
Global restaurant brand Subway has completed a new long-term lease and undertook a new corporate fit out in the centre while supermarket Iceland (one of the centre’s anchor tenants), Clonard Credit Union and Card Factory are among others who have extended their deals.
The lease renewals follow the recent opening of a new store in the Park Centre by women’s fashion retailer Bonmarché and the arrival of Salons First, which sells major salon products to the industry and general public, with both further boosting the occupancy rates at the scheme.
And Weev, which provides electric vehicle chargers, has also demonstrated its commitment to the Park Centre by upgrading two of its six existing chargers and providing ultra rapid charging to customers with electric vehicles as part of a £200,000 investment.
John Lowry, associate director at CBRE Northern Ireland, which manages the asset, said: “The Park Centre retail offering includes a wide range of stellar brands, and to see major names like Subway and Iceland reaffirming their commitment is a further endorsement of the centre’s pedigree.
“With 2025 marking the 40th anniversary of the Park Centre opening, the arrival of Bonmarché increases occupancy levels to over 95% and enhances its long-established reputation as one of Belfast’s leading shopping centres.
“The Park Centre’s recent growth follows retail once again emerging as the dominant investment sector during 2024, attracting 56% of total spend.”
Having first opened at Broadway roundabout in 1985 on the site of the former Belfast Celtic football stadium, the Park Centre currently extends to around 162,000 sq ft and hosts retailers including Boots, JD Sports, Peacocks, Hays Travel, B&M Bargains and Specsavers.
Stephen McGeown, director of centre landlords Latt Ltd, added: “The lease renewals and new arrivals have made for a strong start to 2025 and we look forward to more announcements later this year that will further add to the Park Centre’s offering.”
