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

Showing all blog posts filed under Commercial

6

Mar

Commercial property picture a little brighter

Posted on 6th March 2015  |   Add a comment

The buzz which surrounded transactions in the retail sector in 2014 will be hard to replicate this year. But law firm Arthur Cox has said it believes there will be a surge of activity as the year progresses, despite a fairly quiet start in which Parker Green's refinancing of its Quays Shopping Centre loans has been the highlight. There have been a...

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4

Mar

Council's green light for £15m retail park in Holywood

Posted on 4th March 2015  |   Add a comment

Council's green light for £15m retail park in Holywood

The Co Down town of Holywood is set to get a major new retail park, which is hoped will attract major international brands to the town. The £15m scheme called Front was granted planning permission by Ards and North Down Borough Council. Developer Robinson Family Ltd is looking to attract a high-profile anchor tenant, hoped to be a major supermarket. It's understood leading...

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10

Feb

2015 Revaluation Business Rates Facts & Figures

Posted on 10th February 2015  |   Add a comment

2015 Revaluation Business Rates Facts & Figures

Welcome to Dunlop Heywood's Business Rates guide 2015 and beyond.  This document aims to provide everything you need to know about business rates if you are a property owner or occupier in Northern Ireland. Download the document here.

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29

Jan

Tax powers 'will boost commercial property' in Northern Ireland

Posted on 29th January 2015  |   Add a comment

Tax powers 'will boost commercial property' in Northern Ireland

  Northern Ireland saw major commercial property investment in 2014 - and the prospect of devolution of corporation tax means even better days could be around the corner.  Commercial property agents CBRE's 2015 Outlook said investment sales of £500m had been concluded in 2014 - while loan sales of £1.7bn had been reached by banks and financial institutions.  The firm's head of research,...

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22

Jan

Confidence Returns as Vacancy Rates Fall

Posted on 22nd January 2015  |   Add a comment

Confidence Returns as Vacancy Rates Fall

The 2014 Northern Ireland Commercial Property Report has revealed that retail vacancy rates across towns and cities have fallen to 17.7% in 2014 from 19.1% the previous year. The report, published today by leading commercial property agents Lisney, is the most comprehensive and longest established study of the commercial property market in Northern Ireland across investments, retail, office and industrial sectors. Headline...

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27

Nov

Draft Non Domestic Valuation List – Net Annual Values

Posted on 27th November 2014  |   Add a comment

Draft Non Domestic Valuation List – Net Annual Values

Land & Property Services (LPS) has completed the revaluation of all non-domestic properties in Northern Ireland for rates purposes. A Schedule of Draft Rateable Values is now available to view. These values will be used to assess rate bills from April 2015 onwards. Currently non domestic (business) rate bills are based on 2001 rental values. From April 2015 they will be...

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6

Oct

One of Northern Ireland's oldest shopping malls for sale at £26m ... but new owners will have to pay

Posted on 6th October 2014  |   Add a comment

One of Northern Ireland's oldest shopping malls for sale at £26m ... but new owners will have to pay

One of Northern Ireland's best known shopping centres is on the market with a price tag of £26m. Connswater Shopping Centre is east Belfast, which is mainly home to discount retailers, has become the latest mall here to look for new ownership. But any prospective buyer has been warned the acquisition brings with it an annual £60,000 rent to use a bridge...

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24

Sep

Popular Belfast cafe put up for sale by owner - spilling the beans on coffee culture

Posted on 24th September 2014  |   Add a comment

Popular Belfast cafe put up for sale by owner - spilling the beans on coffee culture

Coffee shop and ice-cream parlour Cafe Mauds on Belfast's Lisburn Road has been put on the market, the Belfast Telegraph can reveal. Cafe Mauds is being sold as "a going concern" and has been described in a classified advertisement as a "hugely successful, profitable cafe prominently located in south Belfast". It's understood the cafe will also be placed for sale through agents...

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2

Feb

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29

Sep

Lower rate call to fill up shops

Posted on 29th September 2011  |   Add a comment

Lower rate call to fill up shops

Local authorities have been urged to reduce rates to halt increasing numbers of town centre shops going empty in Northern Ireland. A new report into the commercial property market also revealed a lack of office development in the centre of Belfast, which it is claimed could create a shortage of Grade A space and have an impact on the ability to...

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