Crescent Link Retail Park

Londonderry
Northern Ireland

Citygrove, together with local partners, acquired 30 acres at Crescent Link in Londonderry. The scheme was worked through the local plan and consent obtained for 15 acres of residential and 15 acres of commercial development.  The residential land was sold and Citygrove obtained consent and subsequently pre-let 250,000 sq ft to major retailers. It was sold in the summer of 2007 for
£95 million.


Details

Tenants
Homebase, Currys, PC World, Reid Furniture, Harveys Furnishing Group, Carpetright, McDonalds, Toys R Us, JJB Sports, Pets at Home, Halfords, Argos, Land of Leather, MFI, Tesco, First Trust Bank

Size
256,978 sq ft / 23,874 sq m

Completion
2007

Value on completion
£95,264,000

Annual rental income
£4,282,000

Ownership
Murdoch Investments


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Location