06/09/2002

Factory outlet to create 1,000 jobs in Antrim area

Junction One, Northern Ireland's largest factory outlet, retail and leisure destination, is set to create up to 1,000 jobs for the Antrim area when it opens for business late next year.

The £50m investment is a joint venture between Coleraine based property developer The Kennedy Group and The Guinea Group, a successful factory outlet developer and operator in Great Britain.

Commenting on his Group's first venture into the Northern Ireland market, Guinea Group Managing Director John Drummond believes its prime location in Antrim, close to the M2 motorway, will be a major advantage.

He said: "Junction One will give shoppers in Northern Ireland an alternative retail and leisure experience. We will bring exciting brands and designer labels that are not yet available in Northern Ireland in addition to 60% off high street prices.

"With over 50 factory outlet stores, cafes, themed restaurants, retail warehousing, leisure centre, multiplex cinema and a supermarket Junction One will become Northern Ireland's premier retail and leisure destination."

Alistair Kennedy, Commercial Director of the Kennedy Group, added: "Many quality retailers have waited a long time to promote their brand strengths here in Northern Ireland and it is clear from the interest so far that they view Junction One as a major opportunity to create awareness locally. Its excellent location will also provide a gateway for tourists to explore Antrim and the surrounding thereby stimulating further investment opportunities."

Building work at an edge of town site adjacent to the Ballymena Road in Antrim, is currently underway and over 60% of the 145,000 sq ft factory outlet retail space has already been secured.

Local company O'Connor Kennedy Turtle is marketing the factory outlet alongside London agency, Rohleder Lumby whilst Lambert Smith Hampton and O'Connor Kennedy Turtle are jointly responsible for letting the retail warehousing and catering.

Factory Outlet Centres have been operating in the United Kingdom for over 10 years.

They generally offer visitors discounts on the recommended retail price on end of line products and stock from previous seasons as opposed to inferior items or slight seconds.

(MB)

Related Northern Ireland News Stories
Click here for the latest headlines.

21 February 2024
Irish Govt Commits To Invest €800m In Northern Ireland
The announcement of an €800 million (£685m) investment in Northern Ireland by the Irish Government has been welcomed as a "significant contribution" by Finance Minister, Dr Caoimhe Archibald MLA.
08 February 2024
Online Business Ideas Gaining Traction In Northern Ireland
Are you looking for a new business venture that can be operated from the comfort of your own home? The rise of the internet has provided countless opportunities to start an online business and reach customers from all over the world.
29 January 2024
The Ultimate Guide To Bingo Halls In Northern Ireland
Bingo, a game that has been a staple in Northern Ireland's entertainment scene for decades, continues to capture the hearts of enthusiasts across the region. In recent years, there has been a notable rise in bingo hall attendances, and some attribute this surge to the growing popularity and accessibility of bingo sites.
21 January 2005
Banbridge retail development set to go ahead
Environment Minister, Angela Smith, today signalled her Department’s intention to approve a major business park, retail warehouse development and factory outlet centre in Banbridge.
06 February 2024
Naomi Long Re-Elected As Justice Minister For Northern Ireland
Alliance Party leader Naomi Long has been re-elected as Justice Minister for Northern Ireland, following a cross community vote in the Assembly. Minister Long previously held the Justice portfolio from January 2020 to October 2022.