News

Demand For Senior Living: Northern Ireland’s Key Role In Supplying The Market

By Brian Lavery, Managing Director, CBRE Northern Ireland With UK student numbers reaching a record high, and Belfast remaining an ever-popular university city, it’s unsurprising to see an abundance of purpose-built student accommodation (PBSA) popping up around the city. However, we simply cannot afford to slip into an ‘out with the old, in with the new’ mentality and ignore the fact that...

The Office Comeback Set To Drive Resurgence of Workspaces

By Brian Lavery, Managing Director, CBRE Northern Ireland As we navigate the post-pandemic landscape, the business world is experiencing a profound shift. The resounding consensus is that the full-time return to the office (RTO) is imminent, with 90 per cent of companies committed to re-establishing their physical presence by the end of 2024, as reported in a recent survey by ResumeBuilder. While...

Creagh Industrial Park to Expand With New Builds

An industrial park in Co Antrim is expanding with a new build unit being brought to the rental market and a further warehouse receiving planning permission. The new units will add more than 62,000 sq ft of space to Creagh Industrial Park outside Toome representing an excellent opportunity for business growth and development to new tenants. Proposals for a 51,667 sq ft unit for industrial,...

Budget Hotel Offered For Sale in Belfast

A major budget hotel in Belfast city centre has been brought to the market for sale. Offers of more than £7.175 million are being invited for the 146-bedroom ETAP Hotel on Dublin Road. The hotel is let to Accor UK Business & Leisure Hotels Limited, part of AccorInvest, one of the world’s leading hoteliers operating in 27 countries with over 760 hotels. Gavin Elliott, Senior Director at...

Ballymena retail park sold to local investor

Phase 2, Braidwater Retail Park in Ballymena has been sold to a local investor for an undisclosed sum. The 93,000 sq ft asset which has tenants including The Range, Harry Corry and Smyths Toys has been purchased by Magmel (Ballymena) Ltd. Commenting on the deal, Andrew Coggins, Senior Director at selling agents CBRE NI said: “The sale of Braidwater Retail Park is just the latest in what has been...

Commercial property investment increases despite political headwinds

Investment transaction volumes in commercial property in Northern Ireland over the first nine months of the year was 59% higher than the same period in 2022, despite ongoing political instability, a new report has found. The figure was revealed by leading commercial property agency CBRE Northern Ireland in its latest quarterly report on the performance of the sector. Brian Lavery, Managing Director,...

Are we doing enough to fulfill Belfast’s housing ambitions

By Brian Lavery, Managing Director, CBRE Northern Ireland Almost a fortnight on from the much-fêted Northern Ireland Investment Summit and we can now look back and consider its impact. For many of us – and I’m writing as one of those who presented at the event – the takeaways were not so much what we heard from stage or during roundtables, but in the discussions between sessions and as we...

Major retail park in Lisburn offered for sale

A major retail park at the heart of Lisburn city centre has been brought to the market for sale, seeking offers in excess of £4.85 million. Laganbank Retail Park comprises three retail units and a coffee shop and is currently home to occupiers TK Maxx, Pure Gym, Upstairs Downstairs and Ground Coffee. Including more than 49,900 sq ft of purpose-built retail warehouse space, and 134 free parking...

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...