Real Estate

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...

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...

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...

Andras House acquires Belfast’s ETAP hotel investment

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;...

Time to Change the Mindset on Sustainability to Unlock Long-Term Value in Commercial Real Estate

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...

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...

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...