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...
Press Release
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...
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...
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...
The Mall Shopping Centre is poised for transformation amidst positive leasing activity since being acquired by Turkington Group earlier this year. Under this new ownership, the scheme has renewed its lease with anchor tenant Sainsbury’s and welcomed new tenant, Hays Travel with further deals expected to complete throughout 2023. Comprising 63,000 sq. ft. of retail accommodation in the centre of...
A Northern Ireland logistics specialist has announced a move to new 80,000 sq ft premises as part of a £350,000 investment. Ballymena-based UDS Group has opened The Logistics Building at Galgorm Industrial Estate following a period of significant growth in recent years. The signing of the lease at its new logistics hub reflects a significant investment in the business, which includes a trailer fleet...
A commercial property report has warned that without decisive political impetus, the Northern Ireland market will continue to face significant challenges. CBRE NI’s Q2 2023 Report has highlighted the impact slow Governmental decision-making is having on progressing development and attracting potential occupiers and investors. Brian Lavery, Managing Director at CBRE NI, said: “Last quarter,...
PRESS RELEASE 5 October 2022 Landmark office building in Belfast city centre on market for £24.3m An iconic office building in the heart of Belfast has gone on sale with an asking price of £24.3m. Bedford House, a unique commercial and retail hub located in the city’s central business district, should pique huge investor interest, with strong bidding expected. The sale of this...
CBRE NI: Investors continue to chase value in Q2, teeing market up for busy future Activity in Northern Ireland’s commercial property market has been busy in the second quarter of the year as investors look for value and long-term investment opportunities, priming the market for a busy second half, according to CBRE NI’s Quarterly Real Estate Research Report. It recorded £44 million...
PRESS RELEASE 6th January 2022 Investment volumes in Northern Ireland real estate sector doubled in 2021 - CBRE The Northern Ireland commercial property market recorded its strongest year since 2017 in terms of investment volumes, research by CBRE NI shows. The data reveals that investment activity in 2021 more than doubled year-on-year with almost £290 million invested...