DOCSLIB.ORG

2018-Q4-RESEARCH.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2018-Q4-RESEARCH.Pdf Quarter 4, 2018 The Market in Numbers Investment 4 m £165 £165 million of investment Q transactions during 2018 & 2019 OUTLOOK THE Office LISNEY BELFAST COMMERCIAL sq ft PROPERTY 885k Annual take up throughout Belfast REPORT City Centre in 2018 Retail Prime Retail 10.2% Vacancy Belfast prime retail vacancy up 1.0% to 10.2% Industrial 2m+sq ft The Difference Annual take in 2018 Investment After a resilient summer, dominated by high Investment Volumes, Q4 2017 - Q4 2018 profile office investment quarter 4 saw £100m+ of new product come to market, much of 140m which was focused on the office sector with 120m vendors buoyed by a strong performance over the Overview 100m preceding months. 80m 80m 70m 60m 55m Million £ (Sterling) 40m 30m Q4 Volumes were down significantly to £30m 20m 10m with the largest transaction of the quarter being the sale of Bow Street Mall in Lisburn Q4 Q1 Q2 Q3 Q4 2017 2018 2018 2018 2018 to a private Irish investor for £12.25. These transactions bring our annual volumes to £165m which is down from the £305m traded in 2017. Activity However if we take out the single largest transaction of 2017, being the £123m sale of Castlecourt then the drop is much less pronounced, though still down on our 5 year average of £300m which is unsurprising in the current macro environment. NI investment volumes are traditionally dominated by retail and the sector, as a result, has been particularly hit by cost price inflation and tenant defaults over the last 12 months. Northern Ireland therefore, like the rest of the UK, has seen investment volumes and investor appetite drop off, especially outside of prime pitches. Metro Building, Donegall Square South, Belfast Investment Volumes, 2014 - 2018 500m 420m 400m 400m 305m 300m 200m 213m Million £ (Sterling) 100m 165m 2014 2015 2016 2017 2018 Notable Transactions Throughout 2018 Property Sector Value Metro Building, Donegall Square South, Belfast Office £21.80 Next and Easons, Donegall Place, Belfast Retail £16.40 Obel 68, Donegall Quay, Belfast Office £15.20 Bow Street Mall, Lisburn Shopping Centre £12.25 Castlebawn Retail Park, Newtownards Retail Park £8.5m Page 2 The Lisney Northern Ireland Commercial Property Report Q4 2018 & 2019 Outlook Investment Where we can point to positivity is the office sector, Lisney’s sales of both the Obel 68 and the Metro Building saw some of the strongest 2019 pricing ever achieved locally with a depth of local, Outlook national and international demand, demonstrating liquidity for good quality, appropriately priced product. The importance of pricing continues to be a theme with investors, our key local “USP” is maintaining a discount or “yield gap” between NI and the rest of the UK, where vendors are cognisant of this, there is undoubtedly demand. Obel 68, Donegall Quay, Belfast Office The office market has continued in record look south and note that there has been a 93% breaking fashion with take up now approaching increase in ‘co-working’ space take up in Dublin 885,000 sq ft as the year draws to a close. To over the past 18 months. put this into context the 5 year average take-up is approximately 460,000 sq ft, emphasising the The most notable letting of the quarter was to Overview strength of demand and perhaps deflating the PWC, as media reports have indicated that the impression that ‘Brexit’ is causing uncertainty deal will make them the anchor tenant in the amongst office occupiers and the business Merchant Square development. Currently based community. in Waterfront Plaza, PWC’s existing 2,000 staff will relocate to Merchant Square in the summer The trend of Tech and Digital domination of 2020. When the development is completed continues to be a real positive for the Belfast it will include 200,000 sq ft of grade A office market whilst ‘co-working’ space operators accommodation across nine floors, with space have also been active. Wework’s global rise in for more than 3,000 people – the scheme is being that particular sector has been rapid, with many developed by Oakland Holdings. PWC confirmed landlords and investors waiting to see if that future plans for further investment and job there is a potential structural shift within the creation meant that it was running out of space in Activity general office market, many of whom will its current Belfast headquarters. Proposed development at The ‘Sixth’ Page 3 The Lisney Northern Ireland Commercial Property Report Q4 2018 & 2019 Outlook Office A continuing trend within the Belfast office Annual Office Take Up 2013 -2018 is a lack of supply, with no ‘new’ stock 1m scheduled to be available to occupy through the 2019 remainder of 2018. We do however expect to see 900k 885k Outlook supply levels grow in the foreseeable future with 800k the arrival of a number of refurbished buildings 700k including Chichester House (48,000 sq ft). 600k 535k There have been significant letting at River House 500k 400k with both TLT and Clockwise taking space with Square Feet 400k 348k other new occupiers to be confirmed. 326k 300k 209k A significant mixed use scheme has also been 200k launched by Castlebrooke Investments ‘Tribeca’ 100k a 12-acre site beside St Anne’s Cathedral and bordering Royal Avenue, Donegall Street, Lower 2013 2014 2015 2016 2017 2018 Garfield Street and Rosemary Street, the proposed scheme will include 1,500,000 sq ft of residential and office space as well as a retail and hospitality element– significantly the first phase of Tribeca Headline Rents, 2013-2019 will be two Grade A office buildings extending to 23.00 180,000 sq ft. 22.00 21.00 20.00 As a continued word of caution, we foresee 19.00 18.00 supply constraints of larger buildings, especially 17.00 in floor plates in excess of 20,000 sq ft. This Rent £/PSF 16.00 15.00 emphasizes a strong reliance on schemes such 14.00 as the ‘Sixth’ (former Belfast Telegraph building) 13.00 12.00 City Quays 3, Bedford Square, Waterside, 11.00 Bankmore Square being delivered to facilitate any companies who seek to expand within 2013 2014 2015 2016 2017 2018 2019 2020 Northern Ireland within the next 12 to 24 months. Headline Rents Notable Office Transactions, Q4 2018 Landlord Tenant Size (sq ft) Location Oakland PWC 155,012 3rd - 9th Floor, Merchant Square, Wellington Place Straben BESpoke 19,774 Ground & 1st Floors, Adelaide Exchange, Adelaide Street Castleforge TLT 11,630 12th & 13th Floor, River House, High Street Killultagh Allen & Overy 9,500 5th Floor, The Linenhall, 32-38 Linenhall Street Angus Properties Teamwork 8,870 1st, 2nd and 3rd Floors Laganview House Causeway Asset Management StepSpace 5,591 1st Floor, Centre House, Chichester Street Private Landlord CYTI 3,415 4th Floor, Moneda House, Wellington Place Private Landlord Firemelon 3,326 5th Floor, Moneda House, Wellington Place Private Landlord Fintru 3,100 3rd Floor, 74/76 Dublin Road Page 4 The Lisney Northern Ireland Commercial Property Report Q4 2018 & 2019 Outlook Retail Despite very difficult headwinds in the sector as a whole, Belfast and Northern Ireland’s high streets and shopping centres have remained relatively resilient throughout 2018. Continued occupier demand has seen vacancy rates for the province Overview as a whole (prime, secondary and out of town) improving from 16.6% in 2017 to 15.1% in 2018. Prime occupancy rates improved from 13% to 12.8% despite Belfast’s prime core falling back slightly to 10.2% from 9.1% in 2017. After months of disruption following the Primark fire, Belfast saw bumper footfall in December with reports of Five Guys had new openings in Q4 2018 in excess of 20% increase on 2017. Despite a number of high profile CVAs our out More than 3 months on from the Primark fire of town locations are experiencing continued that shut down a large part of our prime high demand from retailers including M&S, B&M, street, early December saw the new temporary Iceland, TK Maxx, Dunelm, EZ Living, Pets at walkway in place, reopening the key access Home and Poundstretcher, so we expect to see routes between Donegall Place, Royal Avenue stores vacated by Toys R Us, Maplin, Carpetright, and Castle Place. This brought about the Mothercare etc relet throughout 2019. Noteable reopening of McDonald’s, Spar, Argento, and Activity openings in Q4 saw M&S Simply Food and O’Neills Skechers. Also, in the following week we saw the open at the redeveloped Marlborough Retail welcome return of Primark in Commonwealth Park, Craigavon and Pets at Home’s new store at House, the original extension to Bank Buildings. Bloomfield Retail Park in Bangor. In Belfast, Irish department store Guineys The food and beverage sector continued to be opened on Castle Place, Matalan opened its first buoyant, with openings including Five Guys at town centre store in NI at CastleCourt and Mike Boucher Square and alongside Nandos at Rushmere Ashley’s Brand Max made its NI debut with their Shopping Centre in Craigavon. Tim Horton and opening in Connswater . These lettings combined Subway opened new drive thru units at Connswater brought approximately 60,000 sq ft of vacant and Boucher Road and Starbucks opened on space back to life! Wellington Place in Belfast. After months of disruption following the Primark fire, Belfast saw bumper footfall in December. Page 5 The Lisney Northern Ireland Commercial Property Report Q4 2018 & 2019 Outlook Retail 2019 will undoubtedly see further turmoil in the sector with the perfect storm of online competition, political and economic uncertainty, reducing discretionary spending and squeezed margins leading to more business failure and CVAs.
Load more

Recommended publications
  • Belfast Investment Guide
    SPONSORSHIP Cannes, France 12th-14th March 2019 Investment Guide 2020 @BelfastMIPIM InvestInBelfast.com/MIPIM 3 Contents Welcome 3 Welcome Belfast at a Glance 4 Suzanne Wylie Chief Executive, 6 Reasons to Invest in Belfast Belfast City Council Key Sectors Belfast is a city of exceptional possibilities. Our city has has seen over 2.5 million sq ft of floor space of office 7 seen an impressive trajectory of development across accommodation completed or under construction; almost sectors ranging from hotels, office accommodation, 5,000 purpose built student accommodation beds have Belfast Region City Deal cultural venues and visitor experiences, education space been completed or under construction; and to support 10 and student and residential accommodation. the growing tourism market, 1,500 hotel beds have been completed; and approximately 5,000 residential units Northern Ireland Real Estate Market We’re committed to taking Belfast to the next level. for the city centre are at various stages in the planning 12 The £850 million Belfast Region City Deal will see process. investment in innovation and digital, tourism and Opportunities regeneration, infrastructure and employability and skills Additionally, there are over 40 acres of major mixed-use 14 across 22 projects. These projects will be underpinned regeneration schemes currently in progress, including by investment in employability and skills which will Weavers Cross (a major transport-led regeneration accelerate inclusive economic growth, significantly project) and significant waterfront developments. increase GVA and create up to 20,000 new and better jobs across the region. As a city with unrivalled growth potential, we look towards an exciting future for all in which to live, work, learn, play Strong collaborative leadership is key - and we’re leading and invest.
    [Show full text]
  • Wlr Death Notices Ie
    Wlr Death Notices Ie Is Sascha Liverpudlian or outdated when interwove some ephemerid test-drive wilily? Arnoldo overgrown his wordplay garottes sapiently, but jadish Vlad never forbear so profitlessly. Small-bore Casper sometimes canoeings any plays decommission scrutinizingly. Funerals across northern ireland is a young local place privately Your consent prior to wlr sport after baptism in the death notices click to your email address will be something wrong with current government has small thin patches of! Marie and extended family of death notices may not engage and back on how they are so proud of simon, sisters nora and overcome the head. RIPie daily death notices service providers and practical information on either end eternal life matters in. Sons john quirke; death notices click to wlr fm across northern ireland champions limerick singing club and locations of. Kevin Casey 40 died after a short illness his station WLRFM. Later be moved up to wlr death notices ie a parent is very welcome to wlr fm sports who helped out in your support. Vicarious Liability Cases Mattis v Pollock 2003 1 WLR 215 Vicarious. Please come along with healthy waterford city and formerly of your commitment to. Wlrfm ie death notices. There was found at rip death notice in the finish so please consider lending a diamond is an academic scientist who are due take place. Death notices perth Search connect and cell death notices. Just need help on the baptism of confirmation when the results of a custom variable name or charities in order and devoted mum to wlr death notices ie to! In order and mary, death notices may lose more needs to wlr sport after a certificate issued on the unknown to your email.
    [Show full text]
  • (Public Pack)Agenda Document for Council, 07/01/2019 18:00
    Public Document Pack BELFAST CITY COUNCIL SUMMONS TO ATTEND THE MONTHLY MEETING OF THE COUNCIL TO: THE LORD MAYOR, ALDERMEN AND THE COUNCILLORS OF BELFAST CITY COUNCIL Notice is hereby given that the monthly meeting of the Council will be held in the Council Chamber, City Hall, Belfast on Monday, 7th January, 2019 at 6.00 p.m., for the transaction of the following business: 1. Summons 2. Apologies 3. Declarations of Interest 4. Minutes of the Council (Pages 1 - 14) a) Amendment to Standing Orders To affirm the Council’s decision of 3rd December to amend Standing Order 37(d) to give effect to the Licensing Committee having delegated authority to determine applications under the Houses in Multiple Occupation Act (Northern Ireland) 2016. 5. Official Announcements 6. Request to Address the Council To consider a request from Mr. Conor Shields, Save CQ Campaign, to address the Council in relation to the motion on Tribeca Belfast being proposed by Councillor Reynolds. 7. Strategic Policy and Resources Committee (Pages 15 - 66) 8. People and Communities Committee (Pages 67 - 114) 9. City Growth and Regeneration Committee (Pages 115 - 162) 10. Licensing Committee (Pages 163 - 174) 11. Planning Committee (Pages 175 - 200) 12. Brexit Committee (Pages 201 - 206) 13. Notices of Motion a) Inter-Generational Loneliness Proposed by Councillor Mullan, Seconded by Alderman Spence, “This Council notes with concern the impact that inter-generational loneliness and social isolation is having across the City. The Council recognises the good work already being done in the Council to address these problems but acknowledges that more needs to be done.
    [Show full text]
  • Development Management Officer Report Committee Application
    Development Management Officer Report Committee Application Summary Committee Meeting Date: 21 January 2020 Application ID: LA04/2017/2341/O Proposal: Location: Application for outline planning permission for Land Bounded by Royal Avenue, York Street demolition, redevelopment and part change of and Church Street to the North; North Street to use to create a mixed use development the west; Rosemary Street to the south and comprising retail, offices, cafe/restaurant, High Street to the south; and Donegall Street to residential, hotel, cultural/community space, the east. The site is located approximately parking, servicing, access and circulation 300m west of Laganside Bus Station, 300m arrangements, the creation of new streets, the northeast of City Hall and 900m northwest of configuration of Writers Square, public realm Central Train Station. works, landscaping and associated site and road works. The proposal includes works to alter listed buildings, restoration of retained listed buildings and facades, and partial demolition of North Street Arcade, retaining its facades. Details of the retained elements of the Listed Braddells building, Former Assembly Rooms and North Street Arcade facades are provided along with the layout of the new Arcade. Referral Route: Major Application Recommendation: Approval subject to conditions and completion of a Section 76 planning agreement. Applicant Name and Address: Agent Name and Address: PG Ltd Savills 49 Berkeley Square Embassy House London Queens Avenue W1J5AZ Bristol BS8 1SB Executive Summary: Consideration of this planning application follows a pre-determination hearing held by the Planning Committee on 16 December 2019. The main issues to be considered in the assessment of this application are set out below.
    [Show full text]
  • Obituaries, Death Notices, Etc. - G
    Obituaries, death notices, etc. - G Surname Forename Date of Newspaper Address Notes Gabbet John 11/04/1815 Clare St. Gabbet Joseph jun., Rev. 07/08/1858 London Gabbet Mary 22/10/1823 Glenwood Gabbet William 28/12/1861 Strand House aged 65, burried at Cahernarry Gabbett Alicia 09/10/1833 Tontine Buildings Gabbett Alicia 23/03/1839 Strand House wife of Daniel Gabbett, buried at Cahirconlish Gabbett Angel Catherine 01/04/1890 Surrey death notice, widow of Mathew Richard Gabbett of Ballybrood, Co. Limerick Gabbett Anne 05/09/1817 Thomas Street Gabbett Augusta 15/02/1896 5 Orsett Terrace, Hyde Park, London dau of Butler Thornton of Skerton, Lancashire, wife of Daniel Fitzgerald Gabbett of Cahirconlish Gabbett Charlotte Maria 27/01/1874 Eden Terrace wife of Poole Gabbett; death notice Gabbett Daniel 15/01/1848 Strand House solicitor, int. at Caherconlish; (death report 15/01/1848) Gabbett Daniel 21/10/1857 Bellfield, North Strand Gabbett Daniel Fitzgerald 21/07/1852 aged 23, late 12th Lancers; removal from res of his uncle, Rev. Joseph Gabbett, Ardvallen, Kilmallock; int at Cahirconlish; (funeral report 21/07/1852) Gabbett Daniel Fitzgerald 06/08/1898 Caherconlish House aged 56, former M.P. for Limerick, d. in London (further report 09/08/1898) Gabbett Deborah 17/09/1870 1 Tontine Buildings widow of late Richard Gabbett Gabbett Deborah Alicia 04/12/1850 Thornville, nr Limerick City dau of Daniel Gabbett Surname Forename Date of Newspaper Address Notes Gabbett Diana 05/02/1851 Corbally House, Limerick wife of Thomas Gabbett, dau of Major Creagh of Carrigerry, co.
    [Show full text]
  • How Did the Great Irish Famine Change Ireland and the World? PART ONE Student Activities: St
    How Did The Great Irish Famine Change Ireland and The World? PART ONE Student Activities: St. Brendan the Navigator: The First Irish Visitor . 567 The Erie Canal: Then and Now . 575 The Importance of the Erie Canal. 583 Irish Immigrant Life in Albany in 1852 . 589 Chain Immigration: A Buffalo, New York/Irish Example . 600 The Campbells Leave County Antrim . 609 The O’Connor Family Comes to New York . 617 Ballads: Writing the Emigrant’s Experience. 624 Kilkelly: A Ballad As Social History . 631 Who was on the Jeanie Johnston? . 635 The Route of the Jeanie Johnston. 641 The Irish in New York City in 1855 . 644 Irish Stereotypes in Paddy Songs . 648 Lyddie: The Irish in New England Mill Towns . 659 St. Brendan the Navigator: The First Irish Visitor BACKGROUND t. Brendan is considered to be the first Irish visitor to North America. He was born in Ireland around 489. Some say he was born near Tralee; others say he was born near Killarney. St. Brendan became a Smonk. In the 6th century, many Irish monks were traveling to Europe to establish monasteries as centers of study. They traveled also to lonely islands where they could live close to nature. Legend tells us that St. Brendan and 17 companions left Ireland in an open, leather-covered boat for a voyage of seven years in the North Atlantic, looking for a promised land. It brought them to strange, new lands where they had marvelous adventures. RESOURCES HANDOUTS St. Brendan’s Voyage St. Brendan and His Companions Tim Severin Recreating the Voyage of St.
    [Show full text]
  • Working Together, We're Stronger Than Cancer
    Working together, we’re stronger than cancer Impact Report 2016 Contents 04 Chairman’s Statement Campaigns and 06 CEO review 2 advocacy work 26 Our role in informing and shaping Services across all stages public policy 1 of the cancer journey 26 Pre-Budget submissions 10 Supporting people with cancer 27 ‘Park the charges’ campaign 11 Preventive services 27 Access to diagnostics 11 Supportive services 28 Alcohol and cancer 11 Survivorship services 28 Plain packaging of tobacco 11 Palliative services 11 Cancer Nurseline 12 Daffodil Centres 3 Support for research 13 We Can Quit 32 BREAST-PREDICT 14 X-HALE 32 Blood Cancer Network Ireland 15 Fit for Work and Life 33 Irish Prostate Cancer Outcomes Research 16 Cork Cancer Action Network 33 Cancer prevention: collaboration on 17 Publications: information is power risk reduction 18 Volunteer driver service 34 Cancer researchers of the future: scholarships 18 Travel2Care 35 Research communications 20 Financial support 37 Research awards 20 CASE (Care, Advice, Support and Education) 20 Community-based cancer support services 21 Survivor support volunteers Fundraising 2016 21 Prostate cancer psycho-educative programme 4 22 Living Life 40 Fundraising highlights 22 Strides for Life 46 Principal business supporters 22 Night nursing service 23 Survey on night nursing service Governance 5 and finance 51 Friends of the Society 2016 52 Board of Directors 54 Summary Income and Expenditure Accounts 55 Balance Sheet Joe Farrelly & Sandra King ‘I enjoy meeting people and feeling that I am of use. The people I meet are very friendly and I enjoy our conversations. I hope that I can help put them at their ease as they travel for appointments or treatment’ Joe was diagnosed with multiple myeloma, a cancer of the plasma cells in bone marrow, in September 2015.
    [Show full text]
  • Our Outlook Is Simple We Inform Your Future
    OUR OUTLOOK IS SIMPLE WE INFORM YOUR FUTURE 2019 Contents LISNEY OUTLOOK 2019 00 01 02 INTRO RESIDENTIAL DEVELOPMENT & NEW HOMES 03 04 05 INVESTMENT OFFICES INDUSTRIAL 06 07 08 LICENSED RETAIL CORK PREMISES 09 10 11 BELFAST LISNEY IN LISNEY IN PICTURES NUMBERS Simply informing We look forward to working with you in 2019 to find, create and secure value 4 | LISNEY OUTLOOK 2019 your future AS THE YEAR BEGINS THERE IS A NERVOUSNESS IN SOME MARKETS WITH THE ‘KNOWN UNKNOWN’ OF BREXIT LOOMING LARGE AT THE END OF THE FIRST QUARTER The bull stock market ran out of and quality service that they need steam in the second half of 2018. That to make good decisions. In 2018 type of inflexion often points capital we acquired Morrissey’s, the market to perceived safer havens that include leaders in licensed and leisure property, property. Irish property has been on and have integrated them into Lisney an upward trajectory for six years. The to give our clients a greater range and residential market while still suffering depth of service. We will develop this from an undersupply has paused for further along with some other service breath in the middle and upper end lines in 2019. of the market which we expect to We will open a new residential office in move ahead again in 2019. Market Dalkey late this quarter of 2019 to better interventions in the lending market serve one of our key markets. Working need to be addressed to allow alongside the traditional network of markets to function more normally.
    [Show full text]
  • Midsummer Retail Report 2019
    Midsummer Retail Report 2019 IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > EXECUTIVE SUMMARY After an unprecedented year of turmoil, the UK retail sector and the property market that it supports is having to reinvent itself. IS THIS THE END OF EXECUTIVE RETAIL SHOPPING WITH REGIONAL THE MARKET MONEY THE GOLDEN AGE OF KNOWLEDGE FOOD CONTACTS SUMMARY REIMAGINED A CONSCIENCE UPDATES ONLINE RETAILING? < > EXECUTIVE SUMMARY OUR LATEST MIDSUMMER KEY FINDINGS RETAIL REPORT LOOKS AT ● The ‘Golden Age’ of online retailing is coming to an end. ● Major retail development can no longer play the kind Online retailers will be increasingly compelled to engage of central role in regeneration that it has for the past THE CHANGES IN STRATEGIC with physical shopping environments to stay competitive. 50 years. This poses the question as to what will become the economic focal point of urban environments. DIRECTION THAT THE SECTOR ● At £1,868 per person, the UK retail ecommerce expenditure per capita is higher than in any other G20 market, with ● The Government needs to do more to support the Retail WILL HAVE TO FACE IN ORDER both online advertising expenditure and internet retail Industry which employs 10% of the UK workforce and TO REMAIN RELEVANT expenditure almost trebling since 2010. generates £400bn of sales annually. ● Environmental concerns over the impact of online shopping ● The war on plastic, the rise of veganism and growing AND VIABLE. delivery may eventually lead to the introduction of a opposition to the waste incurred by ‘fast fashion’ are ‘suburban congestion charge’.
    [Show full text]
  • Belfast Report October 2019
    Belfast Report October 2019 Max Thorne, Narup Chana, Thomas Domballe, Kat Stenson, Laura Harris, Bryony Hutchinson and Vikkie Ware MRP GROUP 11-15 High 1Street, Marlow, SL7 1AU Contents Executive Summary 3 Belfast Profile 3 Economic Overview 4 Developments 6 Transport 8 Leisure Overview 9 Tourism 10 Supply of Rooms 11 Annual Occupancy Room Figures 11 Current Hospitality Market 12 The Team 13 2 Executive Summary Belfast is a cosmopolitan capital city with a successful tourist industry and thriving business district that has seen worldwide attention. Recent feats that have garnered attention include the production of Game of Thrones and the Titanic Belfast. Due to the exposure, many businesses have invested in the city after realising the low cost of office space and opportunity’s for innovation. Belfast Profile Belfast is the capital of Northern Ireland and played a vital role in the early 19th century as a major port which then was joined by shipbuilding. As of 2017, Belfast had a city population of over 340k and a wider regional population of over 1m. The city has a young population, with 43% of the population under the age of 30. A city attracts a young population as a result of high quality, affordable housing, a good quality of life and availability of jobs. Belfast has all of these assets, and the significant investment in the city will ensure that the population and economy will grow. In 2018, there were 23 new company investments which created over 1k new jobs and 80% of new investors reinvested in the region. 3 Economic Overview Belfast is a key driver in Northern Ireland’s economy and the second fastest knowledge economy region in the UK, demonstrating the city’s importance as a business destination.
    [Show full text]
  • Rationing in Emergency Ireland, 1939-48
    Rationing in Emergency Ireland, 1939-48 by Ciarán Bryan Thesis for the degree of PhD in History Department of History National University of Ireland Maynooth HEAD OF DEPARTMENT: Professor Marian Lyons Supervisor of Research: Dr Jacinta Prunty September 2014 Contents Acknowledgements ii Abbreviations iv List of figures vi List of tables ix Introduction 1 Chapter I The practical, political, economic, and legislative 22 underpinnings of rationing in Ireland Chapter II Shortages and rationing in Ireland, 1939-45 62 Chapter III State and voluntary welfare mechanisms, 1939-45 129 Chapter IV The Catholic Social Service Conference, 1941-48 187 Chapter V Nutritional science and its social application, 1912-48 230 Chapter VI The Long Emergency, 1945-48 281 Conclusion 323 Bibliography 331 Acknowledgements From start to finish, my supervisor Dr Jacinta Prunty, provided great encouragement, wise counsel and invaluable support that helped me bring this thesis to fruition. I want to record my heartfelt thanks for her unfailing attention, patience and generosity. Our meetings always provided me with plenty of food for thought and thanks to Jacinta’s kindness I rarely left our meetings on an empty stomach. This I think is something of an irony considering the nature of the topic, but it was always a welcome boost! On a more serious note I want to record that as my supervisor Jacinta brought great intellectual rigour tempered with the human qualities of generosity and kindness. Special thanks must also go to Professor R.V. Comerford who encouraged me down this path and to Professor Marian Lyons, Professor Jackie Hill, Professor Raymond Gillespie for their invaluable suggestions and clarity of thought always willingly provided when sought.
    [Show full text]
  • Belfast Crane Survey 2020 Contents
    Ready to accelerate? Belfast Crane Survey 2020 Contents Foreword 01 Development snapshot 02 Key findings 03 Residential 04 Office 10 Student, education and research 16 Hotel, retail and leisure 20 Development map 28 Endnotes 30 Contacts 31 hen? here? hat? Data for the Crane Survey was The City Core, Waterfront, Titanic Developers building new schemes or recorded between 11 January 2019 and Quarter, Transport Hub, Inner North, undertaking significant refurbishments 13 December 2019. Linen Quarter and Southern Fringe. exceeding any of the following sizes: office – 10,000 sq ft; retail and leisure 10,000 sq ft; residential property – 25 units; education, healthcare and research – 10,000 sq ft; hotel – 35 rooms. Titanic Quarter hy? Inner North A report that measures the volume of development taking place across central Belfast and its impact. Property types include residential, office, leisure, hotels, retail, student accommodation, education and research facilities, and healthcare. City Core Waterfront How? Research for this report was undertaken by Deloitte’s Northern Transport Hub Ireland team, based in Belfast. The Linen Quarter Deloitte Real Estate team have also been closely involved in the development of Belfast over recent years. In addition to our in-house knowledge and field research we have Southern used a variety of sources to collate and Fringe validate our research. These sources include the Northern Ireland Planning Portal, local media and trade publications, and construction and development industry contacts. Ready to accelerate? | Belfast Crane Survey 2020 Foreword Belfast remains open for business despite a year filled with uncertainty. Residential development within the city centre continues to be a hot topic of debate – mainly because although many stakeholders want it to happen, progress is slow.
    [Show full text]