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Just as coffee shops become the major takers of high street space in the last decade, will the new need for space for coworking drive organic change and growth in our town and city centres or will we see a ‘corporate approach’ evolve as it becomes more popular, asks Josh Levy of Lambert Smith Hampton.
Property investment activity remained strong in Ireland during 2016,
recording a total turnover of €4.5bn, according to the Ireland Investment
Market Bulletin published by Lambert Smith Hampton today. The figure marks a 21
per cent increase on 2015 and represents the second highest level of investment
in the last decade – just short of the €4.8bn high in 2014.
Growth is forecast to come from large infrastructure projects including HS2, Hinkley Point and Wylfa Newdd nuclear power plants.
Almost ten years on from the economic downturn and with over
£150m of public sector investment since 2009, Downpatrick is a changed town
with renewed opportunities for private sector investment.
As the cost of living in London becomes ever more challenging, businesses in the capital are starting to fear its long-term impact on the supply of talent. Alongside the political will to drive growth in the Northern Powerhouse, the evolution of ‘North-Shoring’ among major occupiers may itself play an important role in rebalancing the UK economy.
The UK’s housebuilding industry is growing increasingly frustrated with the Government’s inaction over planning issues, according to the Residential Development Sentiment Survey 2017, published by Lambert Smith Hampton.
Belfast’s retail offering has made huge progress since the days of The Good Friday Agreement. Our report Belfast: An Evolution of the Retail Landscape tracks the changing face of the retail sector in Northern Ireland’s capital from the signing of the Good Friday Agreement in April 1998 to the present day.
2016 ended with a flourish with £1.7bn worth of industrial assets changing hands in Q4 2016, 40% above the five-year quarterly average and the strongest quarter in two years.Read more
In anticipation of the forthcoming increase of students into Belfast City Centre, there is a significant wave of development to address the lack of supply of Purpose Built Student Accommodation creating opportunities for land owners, developers and investors.
Lambert Smith Hampton’s quarterly UK Investment Transactions report highlights record overseas regional investment and is optimistic on prospects for activity in 2017.Read more