Belfast InShops complex to close

Published Friday, 13 April 2012
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The In Shops complex in Belfast is to close because tenants would be unable to meet renewed rental costs.

Belfast InShops complex to close
Lack of trade is said to be the reason behind the closure. (© Getty)

The complex at High Street in the city centre is expected to wind down over the next two months, with the closure to be finalised by 26 June.

In a statement the company said the lease for the centre expired in May 2011 and it was unable to secure "favourable terms" in renewal negotiations.

The level of rent required by the landlord would mean that inevitably the occupational costs for our traders would increase, squeezing individual businesses to the point of failure.

In Shops

"Despite best efforts the landlords were unable to meet the realistic rental level required to maintain the future security of the centre and it is therefore with regret that we have ended our negotiations with them.

"The In Shops team will of course continue to provide support to the traders during the difficult phased close down period and will be negotiating with the individual tenants on a confidential basis during that process," the statement read.

In Shops say are trying to find alternative accommodation in the city centre and although they have identified a number of suitable sites "appraisals on these sites are not sufficiently advanced to enable a transfer of operations at this time".

The company's businesses in England and Scotland have been unaffected and will remain open.

Glyn Roberts from the NI Independent Retail Trade Association said news of the impending closure was sad for the local business community.

"I hope that the small traders can find alternative premises and continue to trade," he added.

© UTV News
Comments Comments
Phill Strange in Belfast wrote (970 days ago):
Very sad to see this place go as many happy time where spent there over the past 15 years (that I've bee going)! What year was the place opened btw?
Andrew in Belfast wrote (990 days ago):
I believe the ultimate landlord is translink /nithco, therefore the ni government. Shouldn't questions be raised about this? Hardly supporting belfast city centre retail?!?
Jamesbelfast in Belfast wrote (1,019 days ago):
In response to Norman.d from Bagor. Are you prepared to donate money to Belfast City Council or the shop traders to supplement their rents. If so no doubt it would be received most gratefully. I have grave doubts why the taxpayer should support traders who pay their rent to a com-pany outside of Northern Ireland. I used to visit this shopping area but recently I found it seemed to be dying on its feet and not attracting the customers it once enjoyed.
harry in comber wrote (1,019 days ago):
its about time that those clowns up in stormont got off their back sides and fought for people like these to keep their jobs, this place has been open for years and its a shame now that the staff employed there are to lose both jobs but also businesses, i hope that they can find new jobs etc.
Debbie in Belfast wrote (1,020 days ago):
I'm so sadend to hear that the In Shops are set to close. I have spent most of my life shopping in here and will miss it alot
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