Latest News

Friday, 10 September 2021 News

Cotswold renew Boucher Shopping Park Belfast lease

Cotswold renew Boucher Shopping Park Belfast lease

It's always a surprise when you get a call on something you helped with 15 years ago.

In the middle of 2020 I was asked by Cotswold Outdoors to provide some initial advice/guidance on a lease renewal for a property that I had historically acquired for them.

As someone who loves the outdoors and is a customer of...

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Friday, 10 September 2021 News

Tony Kealys are on the move

Tony Kealys are on the move

Around 18 months ago I was introduced to Tony Kealys, to see if I could advise them on a new Northern Ireland strategy for their business going forward.

The location they had in the boucher shopping park, Belfast was just too expensive for them and the profile of their business had changed.

I advised them on a...

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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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Thursday, 05 August 2021 News

What next for retail in Northern Ireland

What next for retail in Northern Ireland

As we move into August 2021 retail businesses I have been talking with are starting to get a sense of the retail landscape.

In Northern Ireland, since April 2020, on average, most have been closed for 50% of a 12 months period and been able to open/trade for the last three months.

As businesses review their store performance...

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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Anchors have closed and been replaced by new ones, with other brands now gone from the high...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, 02 July 2021 News

Its been a hard 15 months

Its been a hard 15 months

I can safely say that the last 15 months has been one of the hardest periods of my working life in property.

Uncertainty has been the biggest issue and still is.

As the majority of my current clients have started to reopen since 30th April 2021 after the third lock down in Northern Ireland both they and I can build for...

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Wednesday, 16 June 2021 News

Card factory renew lease in magherafelt

Card factory renew lease in magherafelt

As retailers start to trade out of the Northern Ireland lock down, they are making lease renewal decisions based on informed trading positions in current locations.

One of the first renewals I have carried out is for Card Factory in Meadow lane centre Magherafelt.

This local community shopping centre,...

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Friday, 04 June 2021 News

Lidl open at High Street Mall Portadown

Lidl open at High Street Mall Portadown

At the end of 2017 I started to give some advice to the owners of High Street Mall that we may need to take a big leap to move the centre forward.

The centre, like many, faced lots of vacancies and limited demand at that time, with the likelihood of this trend continuing.

At this time large space requirements...

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Thursday, 04 February 2021 News

Cotswold renew lease in Belfast city centre

Cotswold renew lease in Belfast city centre

It is always a surprise when you get an email out of the blue to help an historic client with a property matter.

In 2009 I acquired premises for Outdoor and Cycle Concepts trading as Cotswold and a decade on, I have helped them renew their lease in Belfast's city centre, Castle Lane area.

They thought...

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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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Thursday, 24 December 2020 News

It can pay to appeal your rates

It can pay to appeal your rates

In 2018 I acquired a retail warehouse unit for my client O'Neills, in the marlborough retail park in Craigavon.

The space was in a split up of a former B&Q.

At the time of the acquisition I provided the client with an estimate of the likely NAV for the unit for budget purposes.

Following...

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Friday, 18 December 2020 News

charity shop closures

charity shop closures

Northern Ireland charity shops are struggling with sales declines despite enjoying bumper stock levels following a surge in 

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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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Wednesday, 16 December 2020 News

Portadown High street mall transformation underway

Portadown High street mall transformation underway

Over the past few years the owners of High street mall have been working hard to transform the future of the towns centre main retail and parking hub.

Following the closure of the main supermarket anchor, they started planning the downsize and configure of the centre, into a more convenience lead retail and service location in the...

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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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