{"id":8690,"date":"2018-09-28T18:45:58","date_gmt":"2018-09-28T17:45:58","guid":{"rendered":"https:\/\/lisney.com\/belfast\/?p=8690"},"modified":"2022-08-04T16:22:30","modified_gmt":"2022-08-04T15:22:30","slug":"commercial-property-overview-generally-sunny-skies-with-low-pressure-over-retail-bringing-a-chance-of-light-showers","status":"publish","type":"post","link":"https:\/\/lisney.com\/belfast\/commercial-property-overview-generally-sunny-skies-with-low-pressure-over-retail-bringing-a-chance-of-light-showers\/","title":{"rendered":"Commercial Property Overview: Generally Sunny Skies With Low Pressure Over Retail Bringing A Chance Of Light Showers"},"content":{"rendered":"
Following Lisney\u2019s role in the sale of Belfast\u2019s Metro Building, in what is the largest deal of the year so far, Nicky Finnieston, Investment Director at Lisney Belfast, explores the lay of the commercial property landscape.<\/p>\n
\u00a0Heat up in the commercial property market<\/h2>\n
In September, the sale of the Metro Building on Donegall Square South currently occupied by Capita, Johnston Publishing and Yell, marked the largest deal of the year so far. The 70,000 sq. ft. Grade A office asset was purchased by a Private Property Trust which paid well over the \u00a321m asking price in the face of significant competition. This was preceded by high-profile investment activity in June and July which saw French asset managers, Corum Asset Management, enter the Northern Ireland market with its \u00a316.4m acquisition of 40-46 Donegall Place, currently home to Next and Eason; and the \u00a315.2m sale of Obel 68 to Belfast Harbour.<\/p>\n