Business

CBRE NI enhances sustainability credentials with investment in University of Cambridge course

CBRE NI has further enhanced its sustainability credentials by supporting staff participation in an acclaimed Sustainable Real Estate course led by the University of Cambridge Institute for Sustainability Leadership (CISL). Brendan Dorrian, Associate Director at CBRE NI, has become the first member of the CBRE NI team to complete the ‘Sustainable Real Estate: Creating a Better Built Environment’...

Placing valuation at the centre of sustainability conversation in commercial property

By Brian Lavery, Managing Director, CBRE NI By now, very few people in senior positions at the Top 100 companies will be unaware of the importance of sustainability to their business model. Media commentary has, quite rightly, been awash with warnings of the need for organisations to ensure they are meeting their Environmental, Social and Governance (ESG) requirements, and playing their part in...

Survey shines light on developments in healthcare property market

By Brian Lavery, Managing Director Having discussed sectors such as later living, logistics and hotels and leisure in recent articles, it is timely now to shine a light on the healthcare sector. This is a further part of the real estate development and investment market which has seen increased interest, and in which CBRE has researched in detail through our recently-produced UK Healthcare Sentiment...

Sustainability planning crucial to future-proofing real estate value

By Mark Elliott, Senior Director, Professional and Consultancy Services It has been said that recognising and managing the intrinsic link between a building’s value and sustainability is like knowing next week’s Lottery numbers. A tongue-in-cheek remark, of course, but there is no denying that removing the uncertainty around the works required to ensure an asset is where it needs to be in the...

European research offers grounds for optimism for Belfast hotel sector

By Brian Lavery, Managing Director There are some interesting findings in CBRE’s latest European research into the hotel market, and certainly grounds for optimism for the sector across the continent. The standout statistic from the research published this month was that two-thirds of Europe’s hotel investors intend to increase their spending in 2024, while more than two-thirds of investors aim...

CBRE NI highlights intrinsic link between sustainability and valuation to commercial property stakeholders

In a series of presentations to key industry stakeholders, CBRE NI’s Valuation Team has highlighted the importance of recognising how sustainability has become intrinsically linked to valuation and capital expenditure in the commercial property market. Deborah Cromie, Director within the Valuation and Professional Services team, welcomed representatives from a wide range of banks to the seminars at...

Quarterly Research Report Q1 2024

OFFICE TAKE-UP INCREASES BY ALMOST 50% AS COMMERCIAL PROPERTY MARKET SENTIMENT IMPROVES The take-up of office space in Northern Ireland during the first three months of this year was 48% higher than the same period in 2023, a new research report on the commercial property market has found. CBRE Northern Ireland recorded office take-up at 99,931 sq ft, which was also a 36% increase on the final...

Waterfront office investment in Clarendon Dock offered for sale

Beacon House in Belfast’s Clarendon Dock Business Park has been brought to market for sale, with offers in excess of £4.6 million being sought. Located in Belfast Harbour Estate close to the city centre, Beacon House is a 51,028 sq ft waterfront office building comprising five storeys. The building is currently let in its entirety to London-headquartered international outsourcing company Capita...

Planning application submitted for first major health hub in inner-city Belfast

A planning application has been submitted to deliver what would be the first major multi-use health facility in inner-city Belfast. Healthworks, developed by OCMC Ltd and located in Great Victoria Street, would become a Grade A health hub accommodation that is designed to meet the requirements of a range of occupiers, including GP, specialist occupational health and pharmacy services. The location...

Andras House acquires Belfast’s ETAP hotel investment

A prominent investment property on Belfast’s Dublin Road, comprising the 146 bed ETAP Hotel, has been sold by CBRE Northern Ireland together with CBRE Hotels Dublin to Belfast’s largest hotel group, Andras House for £7.35 million. The group’s existing portfolio includes Crowne Plaza Belfast; Hampton by Hilton; Ibis Coleraine Riverside; Holiday Inn Belfast City Centre; Ibis Belfast City Centre;...