Public Sector Infrastructure Investment Continues Despite Challenges

Public Sector Infrastructure Investment Continues Despite Challenges

Andrew Kelly Corporate

A series of recent transactions managed by commercial agents Lambert Smith Hampton have signalled that the public sector is continuing to make significant and positive investments in infrastructure projects, despite the lack of a functioning Assembly and ongoing Brexit uncertainty. Ulster University’s purchase of the former Foyle College site in Londonderry marks a milestone in the development and expansion opportunities …

Record Year For Belfast Office Market As Occupier Confidence Continues To Drive Demand

Kathryn Stevenson Corporate

The Belfast office market set a new annual record in 2018, with total take-up reaching highs of 885,023 sq ft, more than double that of 2017 and 82 percent above the five-year average, according to Lambert Smith Hampton’s Ireland Office Market Report 2019 which was published today. The outstanding year was underpinned by the two single largest lettings of the …

Belfast Revealed As Attractive Location For Compact Hotel Development

Belfast Revealed As Attractive Location For Compact Hotel Development

Andrew Kelly Corporate

Compact hotel formats may be increasingly viable in cities such as Edinburgh, Dublin and Belfast, which are ranked as the three most attractive locations for hotel development and investment according to new research from Lambert Smith Hampton (LSH). LSH’s new report, Do Disturb: Disruption & Innovation in the Hotel Market, finds that the compact hotel room concept, which typically prioritises …

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 …

Ground Espresso Opens In Victoria Square

Ground Espresso Opens In Victoria Square

Andrew Kelly Corporate

Ground Espresso has opened a new 50-seater store in Victoria Square, creating 12 new jobs.  Founded in 2001, Ground Espresso Bars is a family owned and operated business which employs over 300 staff across 24 stand-alone stores and concessions in Ireland. Lambert Smith Hampton acted on behalf of Victoria Square to secure the new tenant. Hannah Houston, Senior Support Manager, …

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 – …

Demand For High Quality Space Boosts Belfast Office Market

Demand For High Quality Space Boosts Belfast Office Market

Andrew Kelly Corporate

Office market activity in Belfast finished 2017 in a strong position with take-up levels reaching 430,290 sq ft – 11 per cent above the five year average – despite a slow start to the year, according to Lambert Smith Hampton’s Ireland Office Market Report 2018. Occupier demand for high quality space increased in H2 2017 with grade A stock accounting …

Victoria Square Celebrates £2bn In Sales Since Launching Ten Years Ago

Victoria Square Celebrates £2bn In Sales Since Launching Ten Years Ago

Andrew Kelly Corporate

Victoria Square has achieved an impressive £2bn in sales across all of its retailers and leisure operators since the landmark shopping centre opened in Belfast 10 years ago, it was revealed today. Opened on March 6, 2008, Victoria Square today marked its tenth anniversary with a number of events and activities to celebrate the milestone and also highlighted the centre’s …