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Northern Ireland

Welcome to Northern Ireland's property coverage at PropertyWeek.com, bringing you all the latest news and views across the country and from Belfast.

CBRE

Senior EMEA changes at CBRE

3 April 2013

CBRE has today announced two new appointments to its EMEA senior management team.

Northen Ireland riots

Northern Ireland’s flag bearers

8 March 2013

Renewed trouble in Northern Ireland has caused concern, but has not scared off all investors. David Hatcher reports

Odyssey Belfast

Belfast's Odyssey Pavilion for sale at £10m

26 September 2012

The Odyssey Pavilion riverside leisure scheme in Belfast city centre has been put up for sale for £10m.

Sinn Féin tables legislation to end upward-only rents

15 March 2012

Irish republican party Sinn Féin has tabled legislation to end upward-only rent clauses in existing leases  - labelling the practice “anti-competitive and anti-jobs”.

Almondvale, Livingston

Henderson's last-minute spending spree

06 January 2012

Henderson Global Investors sealed close to £60m in retail deals during the final months of 2011, including the £31.9m purchase of Almondvale Retail Park, in Livingston (pictured).

Regional shopping centres scare off nervous investors

2 September 2011

Addington Capital pulls out of Birkenhead malls purchase, as Belfast’s CastleCourt bidders baulk at price

BELFAST

Belfast centre joins retail sale

3 June 2011

Westfield and Hermes to offload CastleCourt; further deals in Redditch and Corby bring total to £400m

Carvill

Housebuilder Carvill in administration

23 May 2011

Northern Irish housebuilder Carvill has been put into administration.

SWIP buys £48m Northern Ireland retail park

2 September 2010

Scottish Widows Investment Partnership (SWIP) has bought a Northern Ireland retail park for £48m.

Metric makes £28.4m debut purchase

17 June 2010

Metric Property Investments has bought its first property following its £190m flotation on the London Stock Exchange in March.

Westfield Lisburn inquiry to begin in June

26 March 2010

Northern Ireland’s Planning Appeals Commission opens the public inquiry into Westfield’s development of John Lewis and 19 other stores at Sprucefield, Lisburn, on 7 June

LaSalle Investment Management

LaSalle IM buys Northern Irish retail park

13 February 2013

LaSalle Investment Management has bought a Sainsbury’s food store at Braidwater Retail Park in Ballymena for £17.9m on behalf of the Northern Ireland Local Government Officers Superannuation Committee (NILGOSC).

Kennedy Wilson

Kennedy Wilson acquires 50% stake in Ireland office

16 August 2012

Kennedy Wilson has acquired 50% of an office building in Dublin for €15m, in its first office acquisition in the city.

CastleCourt

Hermes buys out Westfield’s stake in £400m shopping centres

14 February 2012

Hermes Real Estate Investment Management has taken full ownership of three shopping centres with a combined value of £400m after buying the 50% stakes in them from Westfield.

Bangor care home

Medicx takes prophylactic approach to leasebacks

21 October 2011

Healthcare property investor Medicx has completed its first transactions since a £55m capital raising

Vernon

Green Property to head up €1bn Lloyds’ Irish workout vehicle

12 August 2011

Lloyds Banking Group has signed an agreement with Stephen Vernon’s Green Property Group to asset manage around €1bn of distressed Irish property loans.

Metlife

AIB sells landmark US loans

3 June 2011

Allied Irish Bank has agreed to sell a portfolio of around $1bn of US commercial property loans to private equity group Blackstone and US bank Wells Fargo

Belfast firms merge

13 May 2011

Belfast-based Knight & Co merged with McConnell Chartered Surveyors on 1 May. Shaun Wallace, principal of Knight & Co, joins McConnells as an associate director. He and colleague Andrew Agnew will continue to trade as McConnell Chartered Surveyors.

CBRE Investors buys Belfast M&S

16 August 2010

CBRE Investors has bought an 83,000 sq ft Marks & Spencer store in Belfast city centre for £8.75m.

Pumphrey brings experience to Mayfair Capital

7 May 2010

Mayfair Capital Investment Management has appointed Ned Pumphrey as investment director and head of transactions

Occupiers are scarce at Belfast’s landmark office hub

26 March 2010

Developers are within weeks of completing Belfast’s four landmark office buildings on the banks of the River Lagan (see table) — without a tenant in sight

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