Landmark office development Adelaide Exchange is set to undergo a new phase of its retrofit transformation, reinforcing its status as a premier workspace in Belfast city centre. Leading commercial property agent CBRE NI has announced that planned refurbishment works have commenced, further enhancing the sustainability and functionality of this Grade A office development. This latest stage will focus...
Real Estate
As AI technology continues to evolve and integrate into our lives, its impact on real estate is becoming increasingly significant. Over 70% of real estate owners or investors that responded to Deloitte’s 2024 Commercial Real Estate Outlook indicated that their organisations were piloting or implementing AI more so than any other technology. CBRE’s 2024 European Office Occupier Sentiment Survey...
By Brian Lavery, Managing Director, CBRE NI The current waiting list for social housing in Northern Ireland has received considerable media coverage in recent times, serving to highlight an issue which has grown increasingly urgent. Housing Executive waiting list figures currently sit at 47,000 people, and the number of homeless people appears to be growing daily, certainly in Belfast. A simple walk...
CBRE NI has further enhanced its sustainability credentials by supporting staff participation in an acclaimed Sustainable Real Estate course led by the University of Cambridge Institute for Sustainability Leadership (CISL). Brendan Dorrian, Associate Director at CBRE NI, has become the first member of the CBRE NI team to complete the ‘Sustainable Real Estate: Creating a Better Built Environment’...
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...
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...
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...
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;...
"The Belfast Office Market recorded a decrease in takeup in 2023 but the number of transactions remained stable." Please click below to download the Market...
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...