Loft Lines forward funded with L&G and Clanmil Housing Association Jun 6, 2023 Watkin Jones, the UK’s leading developer and manager of residential for rent, in partnership with Lacuna Developments, announces that it has exchanged contracts with L&G and Clanmil Housing Association to forward fund the new urban residential community, Loft Lines, at Titanic Quarter in Belfast. The agreed fundings amounting to c.£155 million of a wider c.£175 […] Posted by: Mya Driver Read more
LSH research finds Belfast is set for more Purpose Built Student Accommodation as student numbers and investor interest increases Mar 5, 2024 The development of Purpose-Built Student Accommodation (PBSA) is set to rise further across Belfast city centre as demand for student accommodation continues to grow and well occupied schemes become more attractive to investors. Research conducted by Lambert Smith Hampton into PBSA in Belfast has highlighted that with the student accommodation market now established and student […] Posted by: Mya Driver Read more
Major retail park in Lisburn offered for sale Sep 7, 2023 A major retail park at the heart of Lisburn city centre has been brought to the market for sale, seeking offers in excess of £4.85 million. Laganbank Retail Park comprises three retail units and a coffee shop and is currently home to occupiers TK Maxx, Pure Gym, Upstairs Downstairs and Ground Coffee. Including more than […] Posted by: Mya Driver Read more
Northern Ireland Investment Fund provides £28 million loan to support Titanic Quarter hotel Jan 23, 2024 Northern Ireland Investment Fund has provided a £28 million development finance loan for the delivery of new Hamilton Dock hotel in Belfast’s Titanic Quarter. CBRE’s lending team is managing the fund and the loan will be passed to JMK Group. The Hamilton Dock site hotel is poised to offer an accommodation capacity of 230 beds […] Posted by: Mya Driver Read more
Northern Ireland’s Commercial Property Investment Hits Peak Since 2015 Jan 5, 2024 Northern Ireland’s commercial property sector has witnessed a remarkable surge in investments, totalling £338 million last year. This figure represents the highest investment volume the sector has seen since 2015, as reported by CBRE NI. This upswing in investment underscores a growing confidence in Northern Ireland’s commercial property market. It reflects an optimistic outlook from […] Posted by: Mya Driver Read more
Pic Invests Further £30 Million To Support Social Housing Development In Northern Ireland Feb 19, 2024 Pension Insurance Corporation plc (“PIC”), a specialist insurer of defined benefit pension funds, has completed a further £30 million debt investment in Apex Housing Association (“Apex”), following an initial investment of £100 million with Apex completed in 2021. PIC’s other investments in Northern Ireland include the £55 million invested in Clanmil Housing Association.The investment will […] Posted by: Mya Driver Read more
PIC makes first social housing investment in Northern Ireland Feb 14, 2022 Pension Insurance Corporation has made its first social housing investment in Northern Ireland via Apex Housing Association. The specialist insurer of defined benefit pension funds said it has made a £100m (€116m) debt investment with Apex to help the housing association develop 1500 new homes as well as to refinance existing debt. Apex – the third-largest […] Posted by: Mya Driver Read more
Planning submitted for £150m business park in Antrim Jul 25, 2023 A formal planning application has been submitted by Errigal Group for the £150 million extension and redevelopment of the Enkalon Business Park in Antrim. Following a successful consultation process which saw extensive engagement with local stakeholders, the planning application has been submitted to Antrim and Newtownabbey Borough Council for more than 900,000sq ft of new […] Posted by: Mya Driver Read more
Popular budget hotel in Belfast offered for sale Oct 18, 2023 A major budget hotel in Belfast city centre has been brought to the market for sale. Offers of more than £7.175 million are being invited for the 146-bedroom ETAP Hotel on Dublin Road. The hotel is let to Accor UK Business & Leisure Hotels Limited, part of AccorInvest, one of the world’s leading hoteliers operating […] Posted by: Mya Driver Read more
Puma Property Finance and Vita Group partner on new student accommodation scheme in the heart of Belfast with £24m deal Jan 25, 2023 Puma Property Finance (Puma) has today announced it is providing a £24m development facility for Vita Group’s latest purpose-built student accommodation (PBSA) with 269 studio rooms in Belfast City Centre. Developed and operated by Vita Student and targeting completion for incoming students during the September 2023 academic year. It is conveniently situated between the prestigious […] Posted by: Mya Driver Read more
Queen’s University’s £100m Investment Opens Doors for Developers in Belfast Sep 21, 2023 Queen’s University, Belfast, has unveiled plans to invest up to £100 million over the next four years to address the rising demand for student accommodation in the city. This move comes in light of an anticipated “unprecedented upsurge” in the need for student housing, with projections indicating a requirement for an additional 3,000 rooms for […] Posted by: Mya Driver Read more
Rushmere Shopping Centre sold to private investors Feb 2, 2023 Rushmere Shopping Centre and Retail Park, home to some of the UK and Ireland’s most prominent retailers, has been sold out of Administration for an undisclosed sum to Killahoey Ltd, a joint venture between Northern Ireland based companies Sheephaven and May Street Capital. Rushmere Shopping Centre first opened its doors in 1976 and has been […] Posted by: Mya Driver Read more
