Business

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;...

Time to Change the Mindset on Sustainability to Unlock Long-Term Value in Commercial Real Estate

By Brian Lavery, Managing Director, CBRE Northern Ireland In the ever-evolving landscape of business and investment, sustainability has emerged as a pivotal determinant of success, particularly within the commercial real estate sector. As we navigate a world fraught with economic and environmental uncertainties, it becomes increasingly evident that sustainability principles are not just a flash in...

Prime development opportunity hits the market in Belfast City Centre

A notable city centre property has come to market in Belfast presenting an excellent opportunity for either refurbishment, redevelopment or regeneration. 1 Mays Meadow sits amongst multinational companies such as KPMG, Concentrix and Allstate, boasting excellent transport links and connectivity to Belfast city centre. The property spans a substantial 57,200 sq. ft. distributed over four floors and a...