REAL ESTATE IN NORTHERN IRELAND
Belfast is the capital city of Northern Ireland and the centre of economic activity for the province with over one million people in the metropolitan region. The city is well connected by air, sea, road, rail and digitally, supporting a growing private sector economy dominated by service and manufacturing sectors which has attracted significant international investment represented by companies such as Amazon, Allen and Overy, Citigroup, Deloitte and PWC. It is estimated over 75% of inward investment companies are planning further expansion. Belfast is the second most successful city in the UK (after London) in attracting US FDI projects.
Located overlooking the River Lagan in the heart of the city centre, Cushman & Wakefield’s Belfast office helps our clients to respond to these growing opportunities – both within the city and throughout Northern Ireland
Why Northern Ireland?
Northern Ireland has a young highly educated workforce with lower salary and occupancy costs and has become an important administrative hub for international companies seeking to benefit from these economic advantages. Office rents are a fraction of Dublin and London levels and represent the lowest of any UK regional city. Some of the most profitable retail locations are in the Northern Ireland region supported by a stable employment base, high disposable income (due to affordable living costs) and a young fashion conscious population. Belfast has seen a surge in new student housing projects with the development of the University of Ulster city centre campus soon to be completed taking student numbers to c.50,000. Northern Ireland has experienced strong growth in the tourism and leisure sectors with the Titanic Belfast voted the world’s leading tourist attraction and the region voted the best to visit in 2018. This has promoted significant increase in hotel beds and bars and restaurants. The Northern Ireland Protocol which was agreed as part of the UK’s exit from the EU places the province in a unique position with free access to both the GB and EU markets.
What we offer
We are experts in every aspect of commercial and residential property through Northern Ireland. Cushman & Wakefield’s Belfast office advises both private and public sector clients in the occupation, acquisition, disposal and development of land and property throughout the province. We also offer a full property valuation, landlord and tenant, dispute resolution and asset management service. Our focus is guiding our clients to exploit the opportunities of the province maximising returns and reducing risks in their real estate assets.
Our specialist teams offer particular expertise in agency, investment, valuation, landlord and tenant representation and property asset management in the following sectors:
- Care homes
- Development land
- Student housing