News

High-profile commercial development in Ballymena offered for sale for £1.25 million

A commercial development opportunity at Ballee Road East in Ballymena, with full planning permission for a petrol filling station, drive-thru restaurant, EV Fast Charging and an internet café, has been brought to the market for £1.25 million. The development site is set on 3.6 acres in a prime location for commuter footfall, situated approximately two miles from Ballymena town centre and adjacent to...

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...

CBRE NI: Recruiting Centre Manager for Connswater Shopping Centre

CBRE NI is currently seeking an experienced Centre Manager for a role at popular shopping venue, Connswater Shopping Centre, in Belfast. Job Title: Centre Manager Location: Connswater Shopping Centre, Belfast Role Purpose: Manage the day-to-day operational activities in line with client / tenant requirements and the required customer service criteria and key performance indicators, oversee all...

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: Recruiting Centre Manager for Park Centre, Belfast

CBRE NI is currently seeking an experienced Centre Manager for a role at popular shopping venue, Park Centre, in Belfast. Job Title: Centre Manager Location: Park Centre, Belfast Role Purpose: Manage the day-to-day operational activities in line with client / tenant requirements and the required customer service criteria and key performance indicators, oversee all health and safety, environmental...

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...

CBRE NI invests in valuation and professional services as focus on sustainability grows

Leading commercial property agent CBRE NI’s Valuation and Professional Services offering has become the largest team of its kind in Northern Ireland after making several key appointments over the last 18 months. The recent restructure of the team has seen the appointment of four new surveyors, enabling the twelve strong team to focus on the increasing requirement to consider sustainability as part of...

Let’s build on the opportunity presented by the logistics sector

By Brian Lavery, Managing Director Much has been written recently regarding the problems in the office and retail sector of the commercial real estate market. Little has been said, though, about the potential opportunity in the logistics sector. Demand for logistics space, and last mile delivery service space, reached a crescendo during the Covid-19 pandemic and, since then, it has continued to...