CBRE NI

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 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....

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...

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...