Landmark property purchase to enable expansion of Portadown family retailer
One of Portadown’s most prominent retail units is set to be rejuvenated in an investment of around £700,000, supported by Ulster Bank.
The 30,000 sq ft property at 15 High Street has been acquired by DS Rogers Ltd, the owners of Rogers Toymaster on Mandeville Street, to relocate and expand the retail business.
Owner Jonathan Rogers says that a major refurbishment project will now take place to ready the newly-acquired premises for opening in October.
He says: “We have been trading from rented premises off the main thoroughfare in Portadown, and are delighted to acquire what is a very central property opposite High Street Mall, with the support of Ulster Bank, to enable us to develop and grow.”
“In addition to being in a much higher-footfall location, the new shop will provide us with considerably more storage capacity, and the potential to further increase our retail space in the years ahead,” he adds.
Girvan Gault, Head of Business Centre at Ulster Bank, says: “Ulster Bank has £1.5billion to lend to businesses this year, and we have a significant focus on supporting well-run small and medium-sized enterprises with good plans to develop and expand their businesses.”
“DS Rogers is a long-established family retailer that is investing in Portadown, creating employment and helping rejuvenate an important property in the town centre. We are pleased to support the investment and look forward to working with Jonathan and his team towards the opening and the further development of the business,” he adds.