International Property Buyers Target Local Development

International Property Buyers Target Local Development

Andrew Kelly Corporate

A unique housing development in Broughshane, Co Antrim is attracting interest from international buyers. Antrim-based construction company Loft Estates is in the process of completing work on its award winning Copper Barns development, which sits on a 4.5 acre rural site overlooking Slemish Mountain and the Braid Valley. The £1.3m investment in three state-of-the-art homes, was part funded by Danske …

Bangor’s Royal Hotel Building to be Transformed in £3M Development Plan

Matthew Morrison Planning

Bangor’s iconic Royal Hotel building, which has been derelict for 4 years, has been bought by Expedia Capital, a Northern Ireland development and regeneration company, who plan to turn it into 21 high quality apartments with four ground floor restaurant units. The current frontage of the existing building will be retained, part of the high quality regeneration plan for the …

Northern Ireland’s First Retirement Village Plan to go on Public Display

Matthew Morrison Planning

Plans to develop Northern Ireland’s first dedicated retirement and assisted living village go on public display on 29th and 30th August as part of a consultation process. The owners plan to develop 361 residential units, a medical centre, a nursing home, a spa/wellbeing centre and neighbourhood retail on the site, which is located on lands at 75 Belfast Road. A …

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 …

Council of Mortgage Lenders Regulated Mortgage Survey Q1 2017

Council of Mortgage Lenders Regulated Mortgage Survey Q1 2017

Alastair Luke Corporate

Commenting on the figures Niall Harkin, Head of Mortgage Intermediary Business at Danske Bank, said: “This survey shows a generally positive trend, with mortgage activity in Northern Ireland increasing compared with the same quarter last year, albeit at a relatively modest rate.  Within the overall increase in mortgage volume there are significant variations across different borrower types. “The first time …

(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 …

Rockcastle Scales New Heights With Growth Loan Fund Support

Rockcastle Scales New Heights With Growth Loan Fund Support

Andrew Kelly Corporate

Belfast and Swords-based specialized construction firm Rockcastle Ltd. has secured a six figure loan from the Growth Loan Fund to purchase new equipment that will support the company’s expansion plans and create eight new jobs. Finance for the £50m Growth Loan Fund – which provides loans to established Northern Ireland SMEs seeking to access growth finance – has been provided …

PROPERTY INVESTMENT IN IRELAND EXCEEDS EXPECTATIONS WITH 2016 TURNOVER REACHING €4.5BN

Property Investment in Ireland Exceeds Expectations with 2016 Turnover of €4.5bn

Alastair Luke Corporate

Property investment activity remained strong in Ireland during 2016, recording a total turnover of €4.5bn, according to the Ireland Investment Market Bulletin published by Lambert Smith Hampton today. The figure marks a 21 per cent increase on 2015 and represents the second highest level of investment in the last decade – just short of the €4.8bn high in 2014. Private …

Chancery House Sold Following Competitive Bidding Process

Chancery House Sold Following Competitive Bidding Process

Alastair Luke Corporate

A prime property in Belfast city centre has been sold for a figure well in excess of its guide price of £1,450,000 following a competitive bidding process, indicating that demand for investment opportunities in Northern Ireland remains strong despite the ongoing uncertainty. Chancery House, which is located on the edge of Belfast’s Law Courts and opposite Victoria Square Shopping Centre, …