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 …

Property market report

Property Investment in Ireland Expected To Increase Following Subdued First Half

Alastair Luke Corporate

Property investment activity in Ireland was subdued during the first half of 2017, recording a total volume of €782.8m and standing 56 per cent below the half-year average, according to the Ireland Investment Market H1 Bulletin published by Lambert Smith Hampton today. While investment transactions are down year-to-date compared with 2016, activity is expected to increase in the second half …

Property market report

Belfast Office Market Activity On Course To Exceed Ten Year Average

Andrew Kelly Corporate

Office market activity in Belfast for 2017 is on course to exceed the average take-up level over the last ten years with 100,000 sq ft of space currently under offer according to Lambert Smith Hampton’s Belfast Office Market Report H1 2017. Grade A stock dominated deals during the first six months of 2017, accounting for 86 per cent of all …

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 …

(L-R) Brendan Boyd, director of Alfred Street Properties Ltd and Gerry Monaghan, manager of Connswater Shopping Centre and Retail Park.

The Range Announced As New Anchor Tenant At Connswater Shopping Complex

Alastair Luke Corporate

Alfred Street Properties Ltd, owners of Connswater Shopping Centre and Retail Park, has today announced that the scheme is to receive a significant boost when home, garden and leisure retail chain, The Range, opens a 65,000 sq ft store at the complex later this year. The retailer will create 80 new jobs when it opens the doors to its anchor …

Rio & Brazil Set To Open New Store In Victoria Square

Rio & Brazil Set To Open New Store In Victoria Square

Andrew Kelly Corporate

One of Belfast’s longest running independent fashion boutiques, is celebrating 40 years in business, by investing over £200,000 to relocate to a new store in Victoria Square. Rio & Brazil has taken over a 3,200 sq ft two story unit on the ground floor, opposite the iconic yellow Jaffe Fountain and Kitchen Bar. The new store is set to open …

Three New Retailers Join Cookstown’s Main Street In £1m Investment

Three New Retailers Join Cookstown’s Main Street In £1m Investment

Andrew Kelly Corporate

Cookstown’s main street has received a major retail boost with the opening of three big name stores. Specsavers, CeX and DV8 have opened new stores that total c.11,100 sq. ft. and accounts for investment totalling c.£1m. The three retailers have also created 15 new jobs between them. Specsavers and CeX are both new additions to Cookstown while DV8 has relocated …

Chancery House Sold Following Competitive Bidding Process

Strong Property Investment Pipeline Suggests Positive Q2 Ahead

Alastair Luke Corporate

Investment in the Northern Ireland commercial property market in Q1 2017 was lower than the same period in previous years but a strong pipeline should see figures improve through the rest of the year, according to the latest edition of Lambert Smith Hampton’s Ireland Valuation Bulletin. The total investment figure in Q1 was £11.6mn, with transactions mainly driven by the …