North’s largest retail parks bought for €55m by Lotus and Tristan

Junction One in Antrim and The Outlet outside Banbridge cover 95 acres in total

Tenants in Junction One include Lidl, Homebase and BLM Bargains

Wed Apr 13 2016 - 07:40

The Banbridge-based Lotus Group and real estate management firm Tristan Capital Partners have acquired two of Northern Ireland's largest retail parks in an investment worth more than €55 million

Junction One and The Outlet are marketed together and cover 95 acres of land with 55,465sq m (597,035sq ft) of retail and leisure property.

Junction One in Antrim opened in 2004 and offers 36,480sq m (392,682sq ft) of shopping and leisure space. It is fully occupied by brands including Lidl, Homebase and BLM Bargains.

Tenants in The Outlet include M&S, Next, Nike, DKNY, LK Bennett and Gap

The Outlet outside Banbridge has 18,985sq m (204,354sq ft) of retail space and 50 tenants including M&S, Next, Nike, DKNY, LK Bennett and Gap. A new McDonald's restaurant is planned for The Outlet along with an eight-screen cinema.