Cordatus Property Trust (CPT) is pleased to announce that award-winning and independent family owned retailer, Toytown, is to open a new store at Lisnagelvin Shopping Centre, Derry/Londonderry. The Newtownards based company, which employs approximately 200 staff across 29 stores is aiming to open for trade at Lisnagelvin in September. The company is now one of the largest independent toy and nursery retailers in the UK and Ireland and this store will mark the firm’s eighth outlet in Northern Ireland.
Lisnagelvin Shopping Centre is a neighbourhood centre of 111,540 sqft with 487 free car parking spaces and anchored by a 24-hour Tesco superstore and petrol filling station.
Andrew Murray, Asset Manager for Cordatus Real Estate, said: “We are delighted to welcome Toytown to Lisnagelvin as a fantastic addition to an already strong line up of retailers. We have long believed the local convenience sector to be resilient in the face of retail headwinds and this letting backs this up. Despite the disruption of the COVID-19 pandemic, the Centre only saw a drop in footfall during lockdown of around 10% at its worst, which is a testament both to the quality of the Centre and the offering it provides. Positively too, occupational demand for the Centre has remained strong in these challenging times and we are optimistic that we will have some more exciting news to relay shortly on this front. ”
Cushman & Wakefield acted for CPT.