Property market report

NI Commercial Property Investment Subdued In Q3

Andrew Kelly Corporate

Commercial property investment in the third quarter of 2018 remained subdued with volume recorded at £53.2m, according to Lambert Smith Hampton’s latest Investment Transactions Northern Ireland report. The ITNI Bulletin Q3 2018 reports that year-to-date total investment volume stands at £121m, a decrease of 52 percent on the same period in 2017. While investor appetite has improved, Q3 activity overall …

Commercial Property Occupiers Urged To Prepare For Business Rates Revaluation

Kathryn Stevenson Corporate

All commercial property occupiers in Northern Ireland are being advised to provide Land and Property Services (LPS) with accurate information as part of the Business Rates Revaluation Process 2020 in order to avoid receiving an incorrect rates bill, according to a director at Lambert Smith Hampton. Businesses will receive electronic questionnaires from LPS this weekend – 1 April 2018 – …

Commercial Property Market Remains Resilient As NI Attracts Range Of Investors

Kathryn Stevenson Corporate

The commercial property market in Northern Ireland finished 2017 in a strong and resilient position with a total investment volume figure of £340.9m, 24 per cent above 2016 and just above the five-year average, according to new research published today by Lambert Smith Hampton. The Investment Transactions Northern Ireland Bulletin Q4 2017 showed the retail sector dominated once again in …

National Success Spurs On Growth Of LSH’s Property Management Team

Kathryn Stevenson Corporate

Commercial property agency, LSH, has completed a major recruitment drive to bolster its property management team in Belfast after winning several significant contracts in the UK and Ireland. Ten new recruits have been appointed across surveying, accounts, retail marketing and facilities management, bringing the total number working at the Belfast office to in excess of 90. LSH has experienced exponential …

Property market report

Investment Activity In Northern Ireland Commercial Property Regains Momentum

Andrew Kelly Corporate

Activity in the Northern Ireland commercial property investment market has regained momentum in Q3, recording the second highest quarterly performance in recent years, according to new research published today by Lambert Smith Hampton. The Investment Transactions Northern Ireland Bulletin Q3 said that at £194.4m the volume of investment was twelve times higher than in the second quarter. Retail transactions, valued …

NewRiver Appoints Lambert Smith Hampton On Major UK Property Management Instruction

NewRiver Appoints Lambert Smith Hampton On Major UK Property Management Instruction

Andrew Kelly Corporate

NewRiver has appointed LSH’s Belfast office as the managing agents on a major UK and Ireland shopping centre and leisure portfolio, with a combined size in excess of 1.7m sq ft. The instruction comprises seven shopping centres and two retail parks amongst other retail and leisure assets. Included are: Abbey Centre in Newtownabbey, Belfast; Priory Meadow in Hastings; and The …

Pictured at Chichester House is (L-R) Greg Henry from Lambert Smith Hampton, Damian Mitchell, property director at Causeway Asset Management and Lloyd Hannigan from Lisney.

Chichester House To Be Best Connected Grade A Offices In Belfast

Alastair Luke Corporate

Work has started on the refurbishment and development of Chichester House in Belfast, which will be the first Grade A office project in the city to have guaranteed internet connectivity. Chichester House, which is in a prime central location fronting Chichester Street, will bring 46,000 sq ft of top quality office and 5,000 sq ft of modern retail space to …

Donall McCann, head of regional capital markets at Lambert Smith Hampton

Investment Activity In NI Commercial Property To Bounce Back After Weak H1

Alastair Luke Corporate

The Northern Ireland commercial property investment market is showing signs of bouncing back in the second half of 2017 after hitting five year lows in the first six months of the year, according to new research published today by Lambert Smith Hampton. The Investment Transactions Northern Ireland Bulletin said that at £25.9m, investment volumes in the six month period was …

Geoff Sharpe, head of corporate at Danske Bank, Aran Blackbourne, director, The Karl Group, Simon Moon, commercial property and development manager, The Karl Group, and Paul Currid, corporate banking, Danske Bank.

Danske Bank Supports Development Of ‘The Weaving Works’

Alastair Luke Corporate

First Derivatives plc has signed up as the anchor tenant for The Weaving Works building in Belfast, which is being redeveloped with support from Danske Bank. The former historic Armagh House linen warehouse on Ormeau Avenue is being transformed into a five storey Grade A office building by local developer Karl. The building was acquired under a Development Agreement process …

(L-R) Trevor Wood, senior partner of Trevor Wood Associates is pictured with Ian Henton, retail director of Lambert Smith Hampton.

Northern Ireland’s Retail Warehousing Vacancy Rate Falls to Record Low

Alastair Luke Corporate

Retail warehousing vacancies in Northern Ireland have fallen sharply to the lowest level since detailed regional analysis began in 2006, according to research by Trevor Wood Associates. The retail consultancy will unveil the findings of its flagship report, the Definitive Guide to Retail and Leisure Parks 2017, at a presentation this morning at the Fitzwilliam Hotel, hosted by Lambert Smith …