Rushmere Shopping Centre sold to private investors

Skip to content
Skip to navigation

Services

Audit

Advisory

Our progressive thinkers offer services to help create, protect and transform value today, so you have opportunity to thrive tomorrow.

See Overview

Business risk
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
Consulting
Tailored consulting solutions that deliver measurable results through digital, regulatory and strategic transformation.
Corporate finance and deal advisory
We offer a dedicated team of experienced individuals with a focus on successfully executing transactions for corporates and financial institutions. We offer an integrated approach, with our corporate finance specialists working seamlessly with tax and other specialists to ensure that every angle is covered.
Forensic accounting
We have a different way of doing business by delivering real insight through a combination of technical rigour, commercial experience and intuitive judgment. We take pride in delivering responsive and tailored solutions to all our clients, capitalising on the wealth of experience housed within our Belfast and wider Forensics team
Restructuring
We work with a wide variety of clients and stakeholders such as high street banks, private equity funds, directors, government agencies and creditors to implement solutions which provide the best possible outcomes.

Related insights:

Article Psychological safety: the quiet superpower of great teams

Discover how psychological safety boosts team performance, trust, and innovation—essential for leaders navigating change and building resilient cultures.

Neil Hughes

| 2 min read | 23 Sep 2025

Audit

Our audit services can strengthen your business and stakeholders' confidence. You'll receive professionally verified results and insights that help you grow.

See Overview

Related insights:

Report FRS 102: Major changes to revenue recognition
Explore key changes to FRS 102 Section 23, including the new five-step revenue model and its impact on financial reporting in Ireland and the UK.

Louise Kelly
| 4 min read | 30 Sep 2025
Article Changes to filing options and requirements at Companies House
From April 2027, Companies House will require all UK entities to file digital accounts. Learn what’s changing and how to prepare for the new rules.

Louise Kelly
| 3 min read | 01 Jul 2025
Article FRS 102 periodic review: Small companies
Explore key changes to small company disclosures under FRS 102 Section 1A, including UK GAAP updates on leases, tax, going concern and related parties.

Louise Kelly
| 6 min read | 30 Apr 2025
Article FRS 102 periodic review: Other changes
On 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.

Louise Kelly
| 7 min read | 24 Mar 2025

Tax

Expert tax advice for businesses and individuals across Ireland and the UK, helping you stay compliant and grow efficiently.

See Overview

Corporate tax
End-to-end corporate tax support, from accurate compliance to specialist advisory, helping you meet obligations and create efficiencies.
Employer solutions & payroll
Comprehensive support with employment tax, compliance and payroll outsourcing, simplifying employer responsibilities and protecting your workforce strategy.
Indirect tax compliance & advisory
VAT, customs and trade solutions that ensure compliance, reduce costs and uncover cashflow opportunities.
International tax
Practical advice and global strategies to manage transfer pricing, multi-jurisdictional compliance and cross-border tax structuring.
Private client compliance and advisory
Tailored advice and compliance services to protect wealth, reduce liabilities and plan for succession with confidence.

Related insights:

Article End of year employer compliance

Now that the 2025/26 tax year is underway, look ahead to the various end-of-year employer reporting obligations your business may be required to comply with.

| 4 min read | 17 Sep 2025

Connect

About us

Grant Thornton Ireland is rapidly approaching 3,000 people, in 9 offices across Ireland, Isle of Man, Gibraltar and Bermuda. With a presence in over 149...

See Overview

Meet our people

See Overview

Subscriptions

Receive the latest insights, news and more direct to your inbox.

See Overview

Events

View our past webinars and register for upcoming events.

See Overview

Rushmere Shopping Centre and Retail Park, home to some of the UK and Ireland’s most prominent retailers, has been sold out of Administration for an undisclosed sum to Killahoey Ltd, a joint venture between Northern Ireland based companies Sheephaven and May Street Capital.

Rushmere Shopping Centre first opened its doors in 1976 and has been a major employer in the area ever since. The property, which comprises more than 30 acres and 60 commercial units across the retail park and shopping centre, is the dominant retail scheme within the wider urban area of Craigavon.

Grant Thornton were appointed Administrators to Central Craigavon Limited which owns Rushmere on 7^th April 2022, at which time they confirmed the strategy was to maintain business as usual trading with no operational impact for tenants or shoppers, as well as seeking to enhance the centre ahead of taking the asset to the market.

Stephen Cave, Joint Administrator and Head of Restructuring at Grant Thornton Northern Ireland said:

“I am delighted to confirm the sale of the centre. All concerned have worked extremely hard over the last 10 months under our control to not just maintain business as usual but to enhance the retailer offerings at the scheme, evidenced with the recent openings of Primark and Poundland. This has led to increased footfall, more choice for shoppers and additional jobs in the local area.”

The sale was handled by joint agents, Savills and CBRE NI and the new owners have pledged to invest in the centre, which is the largest shopping destination in the area.

Ben Turtle, Head of Savills Northern Ireland commented:

“The sale attracted a high level of interest from a number of domestic and international investors. This is a landmark transaction and underlines the continued high demand for quality retail assets in Northern Ireland.”

Andrew Coggins, Senior Director at CBRE NI commented:

“Rushmere Shopping Centre & Retail Park is the dominant retail offer within the wider Craigavon Urban Area. The sale of Rushmere reflects a resilient market and sets the tone for a strong year in the NI investment sector“

Experts / Authors

Stephen Cave Stephen recently joined Grant Thornton to lead our Restructuring offering in NI. View Profile

Copy text of article

Press Release

Rushmere Shopping Centre sold to private investors

02 Feb 2023

Stephen Cave, Joint Administrator and Head of Restructuring at Grant Thornton Northern Ireland said:

The sale was handled by joint agents, Savills and CBRE NI and the new owners have pledged to invest in the centre, which is the largest shopping destination in the area.

Ben Turtle, Head of Savills Northern Ireland commented:

Andrew Coggins, Senior Director at CBRE NI commented:

Experts / Authors

Stephen Cave

Stephen recently joined Grant Thornton to lead our Restructuring offering in NI.

View Profile