Press Release

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...

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...

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...

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...

CBRE NI Warns: Up To 75% of Belfast Office Stock could be Unusable by 2030

CBRE NI has today issued a stark warning that three quarters of Belfast’s office stock may become obsolete by 2030 due to upcoming EPC (Energy Performance Certificate) legislation. Speaking to over 500 guests at firm’s annual commercial property Outlook event at ICC Belfast, CBRE NI Managing Director, Brian Lavery, said that it is only a matter of time before regulations, already in place in England...

Northern Ireland Investment Fund Provides £28m Loan for Development of JMK Group’s Hamilton Dock Hotel

The Northern Ireland Investment Fund (NIIF) managed by CBRE’s Lending team, has provided a £28 million development finance loan to JMK to facilitate the development of the Hamilton Dock Hotel site, within Belfast’s Titanic Quarter. On completion, the prominent site will comprise a 228-bed Aloft Hotel and Residence Inn Aparthotel, operated under a Marriott franchise agreement: JMK Group.by Marriot....

Northern Ireland Investment Sector Holds Steady Over Economic Challenges

CBRE NI has revealed that Northern Ireland’s commercial investment sector held steady in 2023 despite economic challenges, recording total investment volumes of £338 million. Investment sales were accumulated across 31 transactions, exceeding 2022’s tally of £330m, and mark the investment sector’s strongest performance since 2015. The standout transactions of the year included the sale of...

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...