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29th January 2015
Tax powers ‘will boost commercial property’ in Northern Ireland

Tax powers ‘will boost commercial property’ in Northern Ireland

  Northern Ireland saw major commercial property investment in 2014 – and the prospect of devolution of corporation tax means even better days could be around the corner. Commercial property agents CBRE’s 2015 Outlook said investment sales of £500m had been concluded in 2014 – while loan sales of £1.7bn had been reached by banks […]
22nd January 2015
Confidence Returns as Vacancy Rates Fall

Confidence Returns as Vacancy Rates Fall

The 2014 Northern Ireland Commercial Property Report has revealed that retail vacancy rates across towns and cities have fallen to 17.7% in 2014 from 19.1% the previous year. The report, published today by leading commercial property agents Lisney, is the most comprehensive and longest established study of the commercial property market in Northern Ireland across […]
27th November 2014
Draft Non Domestic Valuation List – Net Annual Values

Draft Non Domestic Valuation List – Net Annual Values

Land & Property Services (LPS) has completed the revaluation of all non-domestic properties in Northern Ireland for rates purposes. A Schedule of Draft Rateable Values is now available to view. These values will be used to assess rate bills from April 2015 onwards. Currently non domestic (business) rate bills are based on 2001 rental values. […]
29th September 2011
Lower rate call to fill up shops

Lower rate call to fill up shops

Local authorities have been urged to reduce rates to halt increasing numbers of town centre shops going empty in Northern Ireland. A new report into the commercial property market also revealed a lack of office development in the centre of Belfast, which it is claimed could create a shortage of Grade A space and have […]
2nd September 2011
Interest runs high in Yorkshire’s only speculative commercial build

Interest runs high in Yorkshire’s only speculative commercial build

Developers of the only speculative commercial premises currently available in Yorkshire – a 50,480sq.ft. development set in 2.7 acres at Melton West Business Park, near Hull – have reported a steady flow of enquiries from across the UK. Contractors for Wykeland Group, the Hull-based commercial property development specialists, have just put the finishing touches to […]
22nd June 2011
NI Rates Revaluation postponed until 2015

NI Rates Revaluation postponed until 2015

Finance Minister Sammy Wilson today announced his decision not to proceed with the revaluation of non domestic properties, planned for April 2011. Speaking about his decision, the Minister said: “I announced last year that I was postponing the revaluation of non domestic properties until 2011. I had taken this decision in light of the instability […]
22nd June 2011
Prime city office space is snapped up

Prime city office space is snapped up

  The building has 22,000 sq ft of office accommodation A Seven storey building in Belfast city centre has been let in one of the biggest office deals in recent times.  Osborne King, a commercial property consultant in Belfast, negotiated the deal for 20 Adelaide Street on behalf of their clients Farrelly and Mitchell, a […]