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Northern Ireland Commercial Update Q2 2018

Northern Ireland Commercial Update Q2 2018

25 Jul 2018
Report

Activity levels in Q2 picked up significantly after our traditionally slow start to the year. Transaction volumes hit £55m with the sale of Next on Donegall Place to Corum Asset Management being the most positive in a sector which has experienced significant headwinds in the last 12 months. The transactionwas Corum’s first in Northern Ireland and Lisney were delighted to have advised them in the acquisition.

Key

500k+ sq ft

Office take up totalling 268,336 in Q2 resulted in a half yearly take up figure in excess of half a million sq ft.

£55+ m

Investment volumes surpassed £55 million in Q2, 2018

CVA

Retail market dominated by CVA’s and restructuring.

78,971 sq ft

Notable transactions during Q2

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