Wirefox has completed Northern Ireland's largest single commercial property transaction for £125 million.

Savills NI acted on behalf of Wirefox, who confirmed the firm has acquired CastleCourt Shopping Centre in Belfast from Hermes Fund Managers Limited.

Wirefox is a Northern Irish-based investment firm with a portfolio of assets across the United Kingdom and Ireland.

CastleCourt Shopping Centre opened its doors to the public in 1990, becoming Belfast's first major shopping centre. It is now the third largest in Northern Ireland, with 340,000 square feet of space, comprising more than 100 retailers.

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Ben Turtle, Head of Office at Savills Northern Ireland, commented: "We're delighted to have assisted Wirefox in their acquisition of CastleCourt – adding to their strong portfolio of property assets across the UK. Despite the shock of Brexit and ongoing political uncertainty, the retail sector in Northern Ireland continues to perform strongly, with positive retailer performances and robust letting activity. With consumer confidence at its highest level since the third quarter of 2015, and the economy expected to grow at a faster rate than previously predicted, we expect Wirefox to reap the benefits of this high-profile acquisition."

(CD/LM)