Commercial Property Insights

Insights from one of the UK’s leading property investment consultants, Neil McShane.

Significant Commercial Property Supply Buoys Investor Activity

The boost to supply in Q3 supported the strong finish for the Northern Irish commercial property market. At £329.25m for 2022, investment volume was 36 percent above the five-year annual average and the highest annual total since 2017, according to new research published today by INPRIO.  The NI PROP report

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Newry Industrial site sold for new headquarters and distribution hub

INPRIO has successfully sold a 10.39 acre site in Newry for £1.6m.  The site, which is zoned for industrial development, will house the new headquarters and distribution hub for S&W Wholesale.   The sale forms part of Chancellors Exchange, a 22 acre site at Chancellors Road, Newry, located beside the A1

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Appeal of NI commercial sector holds firm for investors

For all the challenges of 2021, the commercial property investment sector recorded its highest annual volume since 2017. At £317.7m volume was almost double that of 2020 when we spent a significant proportion of the year in lockdown. 2021 was buoyed by the £87m sale of Merchant Square, but nevertheless

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Commercial sector thriving with sales of NI retail parks

Exclusive: Report from INPRIO highlights buoyant first quarter but suggests office deals have stalled, writes John Breslin Retail park sales are likely to continue to dominate the commercial property sector after a strong start from the estimated £40m purchase of a south Belfast site, according to a report. Substantial deals,

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INPRIO Annual Commercial Property Market Review 2021

The world is waking up….these were the words of a client back in September, as we continued on our slow path back to normality.  A few months later, and we can see a further improvement, but it is undoubtedly small steps.  It is difficult to say just how long we

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BBC Talkback – The Tribeca project gets the go-ahead

BBC Talkback – The Tribeca project gets the go-ahead from Belfast City Council’s planning committee, but critics say it’s not in the best interests of the city.  The £500m mixed-use plan is heavily weighted towards offices.  Our director, Neil McShane, contributed to the debate. When asked by William Crawley about

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BBC Newsline – Planning Decision Due for Belfast’s Tribeca Scheme

In advance of the decision by Belfast City Council’s planning committee, John Campbell, BBC News NI Economics & Business Editor, looked at the implications of the mixed-use Tribeca scheme. Contributing to the piece, our director, Neil McShane, was asked about the considerable focus on offices and, specifically, how employees have

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Commercial Property Market Review 2020

I have been tasked with providing a review of the commercial property market for 2020.  This should be relatively straightforward; it has been brutal.  COVID-19, and the necessary but challenging lockdown, has resulted in the toughest market I have experienced in my 20 years in the industry.  This was to

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What will happen to the office sector?

The debate is daily. But the reality is, no one knows for sure. We can only speculate about what will happen to the office sector. So here are my thoughts. It will survive. Why? Well, for a start, we need each other, in a physical sense. Zoom calls are great.

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