Commercial Property

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...

Creagh Industrial Park to Expand With New Builds

An industrial park in Co Antrim is expanding with a new build unit being brought to the rental market and a further warehouse receiving planning permission. The new units will add more than 62,000 sq ft of space to Creagh Industrial Park outside Toome representing an excellent opportunity for business growth and development to new tenants. Proposals for a 51,667 sq ft unit for industrial,...

Budget Hotel Offered For Sale in Belfast

A major budget hotel in Belfast city centre has been brought to the market for sale. Offers of more than £7.175 million are being invited for the 146-bedroom ETAP Hotel on Dublin Road. The hotel is let to Accor UK Business & Leisure Hotels Limited, part of AccorInvest, one of the world’s leading hoteliers operating in 27 countries with over 760 hotels. Gavin Elliott, Senior Director at...

Ballymena retail park sold to local investor

Phase 2, Braidwater Retail Park in Ballymena has been sold to a local investor for an undisclosed sum. The 93,000 sq ft asset which has tenants including The Range, Harry Corry and Smyths Toys has been purchased by Magmel (Ballymena) Ltd. Commenting on the deal, Andrew Coggins, Senior Director at selling agents CBRE NI said: “The sale of Braidwater Retail Park is just the latest in what has been...

New ownership signals exciting retail opportunities at The Mall

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...