Keeping you up to date with the latest news and opinions from the NI property market

Showing all blog posts filed under Commercial

10

Dec

Administrators sold Belfast hotel Ten Square for £6.1m

Posted on 10th December 2015  |   Add a comment

Administrators sold Belfast hotel Ten Square for £6.1m

Belfast hotel Ten Square was sold to property developer Paddy Kearney for slightly more than £6m, it can be revealed. The award-winning city centre venue was once owned by businessman John Miskelly. But his company lost control of the hotel in January, when administrators EY moved in. It is now in the hands of Mr Kearney, who heads up the Kilmona Holdings company. The...

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22

Sep

Public invited to view new plans for retail site at former Rolls Royce factory in east Belfast

Posted on 22nd September 2015  |   Add a comment

Public invited to view new plans for retail site at former Rolls Royce factory in east Belfast

Plans are finally under way to design and build a major retail site in east Belfast at the former Rolls Royce factory. Supermarket giant Sainsbury's had planned to open a store at the Dundonald site on the Upper Newtownards Road, but pulled the plugged two years ago. The retailer had planned to lease a 60,000sq ft unit at the site which is...

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18

Sep

Buyers hovering for Arts Council HQ

Posted on 18th September 2015  |   Add a comment

Buyers hovering for Arts Council HQ

A Grand historic house that served as the Arts Council base is already under negotiation to be sold, it can be revealed. MacNiece House on the Malone Road is currently on the market for a cool £3.5m. According to the McKibbin Commercial Property Consultants website, a section of the building is being offered to let while another section is offered for sale. A...

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15

Sep

Reduced rates have led to influx of new retailers in Belfast city centre

Posted on 15th September 2015  |   Add a comment

Reduced rates have led to influx of new retailers in Belfast city centre

The recent reduction in rates in Belfast city centre — for which Belfast Chamber of Trade and Commerce had been lobbying for a number of years — along with a general upturn in consumer sentiment, has seen a flurry of new activity and influx of new retailers into the city centre. This is a trend which is set to continue as...

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15

Sep

Asking price of nearly £6m for Belfast offices on Chichester Street

Posted on 15th September 2015  |   Add a comment

Asking price of nearly £6m for Belfast offices on Chichester Street

A major Belfast office building entirely occupied by government tenants has gone on the market through CBRE for £5.75m. Oxford and Gloucester House fronts on to Chichester Street and is close to the Belfast law courts. The Seventies building is being sold by commercial property agents CBRE on behalf of an unnamed private investor in Northern Ireland — and the agency...

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15

Sep

Hotel at Belfast City Quays site is a step closer

Posted on 15th September 2015  |   Add a comment

Hotel at Belfast City Quays site is a step closer

Work could soon start on a major hotel project in Belfast as part of the City Quays development, after a firm was appointed to begin landscaping the area. Park Hood, based in east Belfast, has won the tender to design the area around the proposed City Quays hotel and second office complex in the Belfast Harbour development. The company said it was...

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12

Sep

Ten Square's new owners plan hotel redevelopment: Planning application to refurbish Belfast city cen

Posted on 12th September 2015  |   Add a comment

Ten Square's new owners plan hotel redevelopment: Planning application to refurbish Belfast city cen

Work is under way to redevelop Belfast city centre hotel Ten Square following a planning application by its soon-to-be new owners. Ten Square on Donegall Square, just behind City Hall, is an award-winning hotspot which was once owned by property developer John Miskelly. But his company lost control of the business in January when administrators EY moved in. It was understood Kilmona Holdings,...

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8

Sep

Bloomfield Shopping Centre goes up for sale at £54m

Posted on 8th September 2015  |   Add a comment

Bloomfield Shopping Centre goes up for sale at £54m

Co Down retail asset Bloomfield Shopping Centre, formerly owned by one of Northern Ireland's richest men, has gone on the market for £54m. The Bangor development is the latest major retail property to go on sale in Northern Ireland, following hot on the heels of Junction One and The Outlet discount parks being offered to potential buyers for around £60m. Bloomfield Centre,...

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8

Sep

Belfast Telegraph building is one of the most significant sites to come to market in a decade

Posted on 8th September 2015  |   Add a comment

Belfast Telegraph building is one of the most significant sites to come to market in a decade

Commercial property agents Lisney have been appointed to sell the historic Belfast Telegraph building on the city’s Royal Avenue. Declan Flynn, the managing director of Lisney in Northern Ireland, confirmed the building, and its one acre site, will be marketed for sale at the beginning of October. The 124 to 144 Royal Avenue location, next to the Cathedral Quarter and the...

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27

Aug

New hotel planned for Belfast city centre: 17-bedroom hotel on Bank Square next to Mourne Seafood

Posted on 27th August 2015  |   Add a comment

New hotel planned for Belfast city centre: 17-bedroom hotel on Bank Square next to Mourne Seafood

A NEW four-storey hotel in Belfast city centre will become the latest addition to the city's burgeoning number of places to stay. The hotel at Bank Square will see millions ploughed into the four-floor 'boutique' development, boasting 17 rooms and a ground floor restaurant. MM Developments is the team behind the build. Social Development Minister Mervyn Storey said the new plans – which...

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