Sports Retailer Decathlon For Holywood Exchange

10 January 2010

European sporting goods giant Decathlon will open its first store in Northern Ireland in May. The French retailer has signed up to take 40,000 sq ft (3,700 sq m) at AXA Investment Managers' Holywood Exchange retail park in Belfast on a 25 year lease.

Duncan Mathieson, Managing Director of Realis Estates, which asset manages Holywood Exchange on behalf of AXA Investment Managers, said "this is yet another landmark deal for Holywood Exchange. We were chosen as the location for the very first Ikea in Northern Ireland in 2008 and now Decathlon has also picked the scheme for its debut store. The arrival of Decathlon will further strengthen the tenant line-up at Holywood Exchange and coincides with the opening of a new catering offer that will help boost dwell time and spend at the scheme."

Decathlon offers sports equipment and services for the whole family and for all levels of sports enthusiasts – from beginners to professionals. Babar Ahmad, Decathlon UK Expansion Manager, said "we are pleased to have signed up for Holywood Exchange. Our company started out in 1976 in Lille and has now grown to have more than 450 stores worldwide."

Pic: Holywood Exchange - Decathlon Unit

Holywood Exchange comprises more than 630,000 sq ft (58,500 sq m) of retail space and as well as Ikea its other key tenants include B & Q, Sainsbury’s, Next and Harvey Norman. In addition, work on a new 10,000 sq ft (930 sq m) restaurant area at the retail park is expected to begin later this year.

Harvey Spack Field, Osborne King and CBRE acted on behalf of AXA Investment Managers.

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