Strong in­ter­est in busi­ness park

Belfast Telegraph - Business Telegraph - - Front Page - BY JOHN MUL­GREW

The site at Beechill Road in south Belfast is be­ing sold for £2m and has ‘in­cred­i­ble po­ten­tial’

IN­VESTORS from the Re­pub­lic are tak­ing an in­ter­est in buy­ing a £2m Belfast busi­ness park due to the col­lapse in the value of the pound.

Beechill Busi­ness Park on the Beechill Road in south Belfast have now been placed on the mar­ket. It had been owned by company run by for­mer di­rec­tor of the Maze prison site group, Ken Cle­land.

It’s be­ing sold by Os­borne King, on be­half the ad­min­is­tra­tors of Ar­borhill Ltd, a de­vel­op­ment and prop­erty company which counts Ken Cle­land as a di­rec­tor. The company went into ad­min­is­tra­tion in 2015.

Mr Cle­land was be­hind a num­ber of de­vel­op­ments across North­ern Ire­land, and was for­merly a di­rec­tor of the Maze/long Kesh De­vel­op­ment Cor­po­ra­tion. He was also for­merly a di­rec­tor of print­ing firm Gra­ham and Hes­lip, which went into ad­min­is­tra­tion in 2010.

The sale in­cludes Lin­den House, which is cur­rently home to a range of ten­ants in­clud­ing Boots and Chris­tian Aid.

Ac­cord­ing to Os­borne King, the ma­jor­ity of the in­come is de­rived from Lin­den House, a 16,000 sq ft of­fice build­ing with a range of ten­ants. The other el­e­ment is Spring­board Busi­ness Cen­tre which is a ser­viced of­fice build­ing con­sist­ing of 3,817 sq ft. This has a gross es­ti­mated rental value of £62,750 a year. And it’s un­der­stood there has al­ready been strong in­ter­est with an “in­creased level of in­quiries from Re­pub­lic of Ire­land-based in­vestors, likely be­cause of the strong ex­change rate”.

Beechill Busi­ness Park is be­ing sold by Os­borne King

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