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Wed 07 Jul 2000Record rent of over £1.5m likely at former C&A site

Hamilton Osborne King in Belfast has been retained as letting agents for the former C&A department store site, which holds a key position in Donegall Place, Belfast's primary shopping street. The building was undergoing redevelopment when C&A's owners, the Brenninkmeyer family, decided to close all 109 of their British and Irish stores. It has since been demolished and the site excavated to make a new basement level. It is beside Marks & Spencer on the busiest stretch of Donegall Place.

The Brenninkmeyer's UK property arm, Redevco, which manages all their properties, had been engaged in the project to redevelop and re-open the city centre store in Belfast, either as one or two shops. When developed, the new building will have some 80,000 sq ft of floor space. It will have 88 feet of frontage on to Donegall Place and has access on to Calender Street. HOK anticipates that the new store, or stores, will have a rental of around £1.5 million to £1.6 million sterling and the letting is likely to create a record Zone A rental level in the city. The current rental record of £215 was set at the Footlocker shop, a few doors down Donegall Place earlier this year.

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