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Despite continued uncertainties around Brexit — including the possibility of a hard border — Belfast's commercial property market is performing well, with strong office take-up, good interest from investors and a particularly buoyant hotels sector. While the many unknowns around Brexit are not seen as particularly helpful for the market, of more immediate concern is the reality of having no government for a world record-breaking 650-plus days and counting. “For the first 12 months of having no government we probably had the impression that it wasn't really impacting us, but it's been quite obvious this year that it is,” CBRE Senior Director, Capital Markets Robert Ditty said. “Lack of local government isn't helping us with key infrastructure decisions. It's probably having a bigger impact over the short term than Brexit is.” 
Measuring the impact of Brexit — positive or negative — is not possible at the moment, Ditty said. “But we can quantify our lack of local government and we can see that our market has not bounced on as much…
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Dublin's Biggest Prime PRS Opportunity Hits The Market — Can It Top €200M?
The residential element of Ballymore and Oxley's Dublin Landings development on North Wall Quay — 268 apartments across two buildings — has been put up for sale. Selling agent Savills, which is not quoting a guide price, said the scheme…
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South Korean Investor Hana Paying €237M For Two Dublin Blocks Tenanted By WeWork
Reflecting ongoing interest in the Dublin office market from Korean investors, Seoul-headquartered Hana Financial Group is reportedly acquiring two separate blocks — both leased to WeWork — for a combined €237M. The banking holding company is buying Charlemont Exchange, which…
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Ronan Group Backer Colony Capital Buys ‘Project Waterfront' For €180M
Colony Capital, the U.S. investment company that is funding a number of Ronan Group Real Estate developments around Dublin, has bought a 4.6 acre site on North Wall Quay for more than €180M.The site, which was sold on behalf of…
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