Big Sheds Boost NI Industrial Market
Belfast, July 2014 – CBRE has topped off a strong first half of 2014 with some 200,000 sq ft of industrial and logistics space sold and rented across Northern Ireland. Companies looking to expand their premises to meet increasing demand and tap into new markets have invested more than £5 million according to CBRE who managed the transactions.
The range of properties and land deals completed includes an expansion by Lisburn-based Leckey, who have taken on an additional 30,000sq ft of space in the new Greenwood Business Park on the Ballinderry Road to support their globally recognised posturally supportive products for children and adults with disabilities.
Specialist marine civil engineering service ABCO Marine has taken on 23,000 sq ft also in Lisburn with CBRE completing a series of significant industrial land sales and leases in the past few weeks around the province.
David Wright, CBRE said, “The variety of deals and levels of interest in industrial property and land as they have become available on the market has been steadily increasing over the past six months.”
“We really seem to be seeing a return to health on the industrial property front and the level of interest and demand in properties has been significant. Enquiries from interested parties, as well as viewings have increased noticeably and more importantly have translated into robust bidding from several parties looking for industrial and distribution space.”
“This represents a significant turnaround from 18 months ago when businesses didn’t have the confidence to move forward with their growth plans and points to a strong latter half of 2014 and hopefully a return to speculative development within the industrial sector in the near future”.
CONTACT: Cathy Kapande – 00 44 (0)78 2827 2556 or e-mail: email@example.com
About CBRE Group, Inc.
CBRE Group, Inc. ((NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.eu
In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 130 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie./ni