Case Studies

Bravissimo

Bravissimo - a lingerie, swimwear and nightwear specialist - had an unusual space requirement. They ideally wanted 1,000 sqft on the ground floor with a large 4/5,000 sqft basement or first floor. As something like this doesn't come along very often, Bravissimo had sporadically searched for 10 years without luck.

Then, in 2013, a local developer was planning to refurbish a building and was looking for occupier ideas.  Murphy Surveyors - now on the case - were able to convince the developer that Bravissimo would bring attractive use to the building and also serve as the foundation to other lettings in the redeveloped property.

It was a match made in heaven - with Murphy serving up the store that Bravissimo had spent a decade searching for.

Post refurbishment, our client had a fantastic new outlet that would serve the Irish market.  And the developer, in Murphy's view, got one of the best retailers around.

Our client can now be found at 41 Royal Avenue, Belfast, in a fantastic period building. And the motto of the story: it can pay big dividends to maintain long term contact with Murphy to get what you want.

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Card Factory

In 2011, Card Factory - the UK's largest retailer of greeting cards & gifts - began to look at expanding into Northern Ireland.

They started by seeking the services of a local advisor and chose to work with Murphy - largely because of our reputation as one of the most pro-active and successful local retail agents in Northern Ireland.

Proof of that success is the fact that over the last number of years we have acquired 32 high profile outlets for our clients and also advised them on professional matters such as lease renewals and relocations.

We are delighted to say that Card Factory is now firmly established as one of the most recognised names on our local high streets. As a trusted adviser to them, we provide them with ongoing real-time advice that can influence their business on a daily basis, and we are continually involved in advising them on property portfolio matters that affect their company's performance and bottom line.

If your company needs an advisor that is genuinely interested in your long term business performance, talk to Murphy. We'll go out of our way to help.

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Chain Reaction Cycles

In 2010, CRC had just become the world's biggest online bicycle retailer - and believe it or not, they were based right here in Northern Ireland.

At that time, the company felt they should begin to develop a high street presence in order to offer even further choice to the customer. And so began the process of looking for a flagship store where they could trial a retail concept that would then be rolled out across the world.

Murphy Surveyors were approached by CRC's retail director to identify and acquire premises that might be suitable and to provide some general business planning advice for the new concept.

After briefing discussions and the establishment of set criteria, a store was identified and acquired on Boucher Plaza Retail Park in Belfast - and a new state of the art 10,000 sq ft concept store was born.

If the world's biggest online bicycle retailer is happy with Murphy, then so might you be! If you are planning to open a new business concept with premises, why not get in touch and let Murphy help and guide you through the process.

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Cheque Centre

During 2010, following the rapid economic downturn, the UK saw a massive growth in the area of alternative financial services.

Murphy Surveyors spotted a gap in the Northern Ireland market for a company such as the Cheque Centre and made contact with them to see if they would be interested in expanding into the region.

After a review of the market opportunity, the company appointed Murphy to help identify and acquire high street stores to facilitate their expansion into Northern Ireland.

Over a 3-year period, Murphy successfully acquired 28 outlets for the Cheque Centre.

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Cotswold Outdoor

At Murphy, we believe in nurturing and maintaining long term relationships. So when Cotswold Outdoor sought a new Belfast city centre location in 2011, to complement their existing Out of Town store, Murphy Surveyors were called in to help.

Their need was for a modern flagship store that would showcase their business and products. After beginning the search process and chatting to various contacts among local developers, Murphy soon identified a design-and-build option on Belfast's Castle Lane.

Cotswold leaped at the opportunity and when it opened, the new 8,000 sqft  flagship store was one of the most appealing city centre buildings. In fact, it STILL is one of the very best retail spaces in the city centre today.

If your company needs help in identifying an off-market opportunity that might be out there, why not get in touch and let Murphy help and guide you through the process.

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High Street Mall, Portadown

In 2015, after a local company had bought a Portadown shopping centre, they reviewed the market to see who was a suitable Asset Advisor and Letting Agent for the scheme.

After reviewing an extensive range of corporate property advisors in the UK, the company choose Murphy Chartered Surveyors to help implement their asset management strategy and pull the scheme back to its former glory as the focal point of retailing in Portadown town centre.

According to the company, the choice of Murphy was simple as it was felt that Murphy's niche practice - with its forward thinking and proactive approach to the retail market in Northern Ireland - could bring a new dynamic to the letting team.

Delving further into their reasoning, the new Shopping Centre owners admitted to Murphy that they had been following with some interest what Murphy had achieved during the downturn over the last 5 years. They believed that Murphy's ability to deliver fantastic results for their retail clients during this downturn was one of the main factors in choosing them to be part of the letting team. 

They also believed that Murphy were best placed in today’s market to know what was going on in the prime retail market in Northern Ireland and to positively promote their scheme to businesses actively looking to expand and relocate in Portadown.

Murphy are delighted to have been given this opportunity and believe this could be the start of a new era in shopping centre Letting Advisors in Northern Ireland, with retail property owners now having further choice in this market.

Murphy will be working alongside DTZ McCombe Pierce in letting the scheme.

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MACOM

If you've ever wondered how companies go about finding a new home, they often begin by making a call to Murphy. A case in point is MACOM Technology Solutions Holdings, Inc. 

MACOM is a leading supplier of high-performance analog RF, microwave, millimeterwave and photonic semiconductor products and in January 2015 they initiated plans to open a new European office.

Murphy Chartered Surveyors were instructed to identify and acquire a suitable new office that would house the company's latest design centre in Europe and some 30 employees.

Having carried out an extensive search of Belfast for existing or planned premises, it was decided that City Quay One - located on the River Lagan/Belfast Lough waterfront - would offer the type of modern office accommodation and work environment that our client needed.

After robust negotiations in the early part of 2015, a deal was eventually agreed in July 2015 with the Belfast Harbour Commissioners. As a result, our client is now happily located in a  new 7,500 sqft Design Centre, which is set to open in March  2016.

With City Quay Two now starting construction and due for completion in 2017, this will add even further ambience to this landmark area in Belfast as a premier office location for progressive businesses.

If you think Murphy can help you review and assess your property requirements in Northern Ireland, please make that call. Others have - and they are now happily located in some of the best space around.

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Tiger Stores

Tiger Stores a Republic of Ireland chain - entered the Northern Ireland market in 2012 when they opened a store in The Quays Shopping Centre, Newry.

For whatever reason, the location/store didn't perform as expected and Tiger quickly decided to exit the Northern Ireland retail market.

Following this negative experience, Tiger were then introduced to Murphy Surveyors in 2013 by Jones Lang La Salles, one of the world's leading real estate consultancies - the reason being that we could offer some consultancy advice on what Tiger's entry strategy could be should they return to the Northern Ireland market.

Over the next three years, Tiger were able to tap into Murphy's local knowledge, contacts and insight into key trading locations. As a result, when the right opportunity presented itself in 2015, Tiger bounced and roared back into the Northern Ireland market, opening a flagship store on Belfast's Castle Lane of 3,000 sqft.

By developing a relationship with Murphy, Tiger now have a very profitable store in Belfast and this has given them the confidence to ask Murphy to find them further stores in the coming year.

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Topps Tiles

At Murphy Surveyors we like to think that we have the vision and foresight that can help companies plan and develop. A prime example of this is our work with Topps Tiles - the UK's largest retailer of floors.

Having noticed that various local tile and floor retailers closed or went into administration during the economic dip of recent years, we saw this as a possible opportunity for a more established retailer to fill the void.

Murphy then approached Topps Tiles to see if they would consider entering the Northern Ireland market and availing of this opportunity.

Our initial approach led to more in-depth discussions and reviews as Topps followed up on our proposals. The result? Topps Tiles entered the Northern Ireland market in 2013 with our help.

Our client now trades out of three stores in Northern Ireland with further openings planned as the local housing and construction market begins to recover. 

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