Latest News

Wednesday, 25 August 2021 News

Rent review settled for Joules

Rent review settled for Joules

I am happy to say after some protracted negotiations and the start of a pandemic, the rent review for Joules on Arthur Street Belfast has been concluded.

While the rent review date was in mid 2019 it has taken some two year to get the matter concluded and documented.

In this case there was nil increases in the rental...

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Wednesday, 04 August 2021 News

Card Factory renew lease in Park Centre Belfast

Card Factory renew lease in Park Centre Belfast

Murphy Chartered Surveyors have advised Card factory on their lease renewal in the Park Centre Belfast in 2021.

A lot has changed in this centre over the last ten year, since the client first leased a unit.

Anchors have closed and been replaced by new ones, with other brands now gone from the high...

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Friday, 08 January 2021 News

Flying Tiger close in Belfast city centre

Flying Tiger close in Belfast city centre

It's always a sad day in Murphy when a client closes a store.

This week our client Flying Tiger has closed their store at 22 Castle lane Belfast, in the city centre and has left the Northern Ireland retail market.

The client had a break clause in their lease and decided to exercise this and stop trading in Northern...

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Wednesday, 16 December 2020 News

The Covid crisis and now Brexit to come

The Covid crisis and now Brexit to come

The impact of coronavirus is one of the “hardest things” I have had to experience in business.

As a one person consultancy working mostly in the retail and leisure world everything went into defensive mode for 9 months.

It has been hard on all levels......however I have embraced the unknown and wait to see...

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Tuesday, 28 July 2020 News

Bravissimo not to reopen in Belfast

Bravissimo not to reopen in Belfast

It's always a sad time when a client closes a store you have helped them open

Our client bravissimo, which was directed to close as a consequence of the pandemic, has led to the company re planning its business, so they have taken the decision not to reopen their Royal Avenue store and surrender their lease back to the landlord.

...

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Wednesday, 17 June 2020 News

Hard Choices

Hard Choices

As the economy reopens hard choices have to be made in Northern Ireland.

I had to make the hard choice to sell my horse when there was a market for him and take what the market would pay.

There may not be a market in a few months, with less money around and even further movement restrictions in the equine...

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Tuesday, 19 May 2020 News

How to shop in-store has changed

How to shop in-store has changed

As more businesses open up, the way we shop has changed.

We are now encouraged to be patient, queue and adopt a no touch common sense approach to only pick up items we really think we are going to buy.

We are seeing some businesses deciding to introduce quarantine procedures for clothes / books for between 48...

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Thursday, 14 May 2020 News

We may have to live with covid-19 in retail

We may have to live with covid-19 in retail

As the pandemic unfolds we are now getting a message that we may just have to live with the virus for the foreseeable future.

The economy has shown negative growth in the first quarter of 2020 and the lock down will push the UK into a recession which could last some time as the economy and society adjusts.

So what could be the...

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Wednesday, 29 April 2020 News

call pay collect

call pay collect

How is your high street working to date.

My local one is "call, pay and collect" mostly. A few businesses are offering an enhanced service by doing social distancing, waiting zones at the door and some delivery.

The month of April has seen essential local business pushing forward to survive and help the local community in...

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Monday, 13 April 2020 News

Mass rent default

Mass rent default

As we move forward into week four of the coronavirus outbreak and lockdown by the government, thousands of businesses in the UK and Ireland are planning to or are in the process of withholding or considering withholding rents depending, when these have been demanded.

This will not be a one off, but an ongoing process as the...

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Friday, 10 April 2020 News

Beyond the Covid-19 lockdown - we will all get it at some point

Beyond the Covid-19 lockdown - we will all get it at some point

I am sure, like me, you are consuming news and information on the virus and how to deal with it from a personal and business point of view.

We are all going to get it eventually, it's just when, how bad and if you need help, can you get it.

At this point we are in a lock down holding pattern....we will all be out on "prisoner...

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Friday, 06 March 2020 News

Card Factory renew lease in Castle court

Card Factory renew lease in Castle court

Murphy Chartered Surveyors and Property Consultants, one of N Ireland’s leading retail and leisure estate agents, have helped Card Factory with their lease renewal negotiations in Belfast's Castle court.

As our client come's close to the end of a 10 year period in the scheme, they have taken stock of the current trading level and...

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Thursday, 05 March 2020 News

o'neills halo store now open in Belfast city centre

o'neills halo store now open in Belfast city centre

Murphy Chartered Surveyors and property consultants have helped o'neills identify and acquire there latest store in Northern Ireland.

The 9000 sqft halo store is located on Royal Avenue Belfast, in what will become known as o'neills corner.

As someone who is active in country life and the horse world, I would regularly be...

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Friday, 17 January 2020 News

oneills to open in Belfast city centre

oneills to open in Belfast city centre

When my clients oneills said they might look at a Belfast city centre store a few years ago I said I would keep a watching brief. 

The brief was simple, we need 10,000 sqft approx for a total occupational budget of X. 

After identifying the best options in terms of size and planting the seeds with building owners, it...

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Friday, 20 September 2019 News

Revo always learning

Revo always learning

I attended this years Revo Liverpool event for some networking, learning and deal making.

The room was full of mixed emotions, with the retail and leisure industry very much in the state of evolution.

Some interesting things have been learned from the seminars

. the fall in footfall in centre's is driven by family...

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