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LISBURN CASTLEREAGH

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Northern Ireland’s best connected investment location INVEST CASTLEREAGH INVEST LISBURN CASTLEREAGH

PREMIER INVESTMENT LOCATION, • Lisburn Castlereagh is part of the • The current rate of Corporation tax is first region in Europe to have 100 per 19%, the joint lowest in the G20. VAST POTENTIAL cent access to broadband. • Lisburn Castlereagh offers an • NI ranks as the best in the UK for excellent balance of quality Lisburn Castlereagh is located on the superfast broadband availability. and cost. edge of ’s (NI) Capital • Lisburn Castlereagh’s high speed • Regulation is kept to a minimum and City, on the main -Dublin corridor, broadband rating is 2 out of 5 (with Lisburn Castlereagh operates in the with access to up to 3 million people PRIME BUSINESS LOCATION 1 being the best), according to same time zone, fiscal and legislative and is one of Northern Ireland’s fastest OFCOM. environment as the rest of the UK and • Gateway to Belfast – Dublin corridor with has adopted a similar business culture. growing regions with strong clusters catchment population of up to 3 million. • Tax incentives such as rates relief in manufacturing, engineering and • Lisburn Castlereagh provides a competitive for manufacturing property which is agri-food. near-shore proposition to Europe with NI, the capped at 30%. only region in the (UK) that • Median gross weekly earnings of Lisburn Castlereagh has a strong, shares a land border with an EU member state, HIGHLY SKILLED WORKFORCE £450-£499.99 compared with £550 in pro-business, vibrant economy, skilled the (RoI). • 55% of population is under 40 in NI the UK. workforce and boasts the best of both • Two airports within easy driving reach, Belfast with 40% aged 29 or under. • Politically stable and low risk, with worlds with beautiful countryside sitting International and Belfast City airports only • NI has the highest concentration of strong, pro-business local government. BEST alongside modern urban development. 30 mins away, with flights to all major advanced engineering graduates per CONNECTED As NI’s best connected city, with minimal international cities. capita vs any other region. road congestion, easy access to rail, ports • Dublin International airport is only 80 mins • Lisburn Castlereagh is the highest and airports, this brings most major away by motorway. skilled Council area in NI. • Half a million scheduled seats into Belfast and • Unemployment rate less than 2% international cities close for business. FOREIGN DIRECT INVESTMENT BUSINESS Dublin per week. which is above the average for the FRIENDLY • NI boasts four ports within easy travel distance UK regions, but well below the RoI • The area is home to world class Lisburn Castlereagh of Lisburn Castlereagh – Belfast Harbour, Foyle and EU averages. companies within the advanced City is the Port, Harbour and Harbour. • Internationally renowned Universities, engineering and manufacturing best-connected, • Lisburn Castlereagh has well established Queens University and Ulster sectors, as well as health and life most business- LISBURN CASTLEREAGH friendly City in NI KEY STATS clusters of expertise in engineering, University, on our doorstep. sciences and professional services manufacturing and agri-food. • The local Further Education College, sectors. Population 141,200 South Eastern Regional College has • Top FDI companies in Lisburn 10,000 students and offers over 700 Castlereagh include Coca Cola HBC, Economic activity rate 76.5% courses. Montupet, Assa Abloy and Lloyds. Source: Invest Northern Ireland, • Almost 80% of new inward investors aGVA £1,253.47 million have already reinvested in NI. ADVANCED INFRASTRUCTURE • Almost 900 international companies Number of VAT registered located within NI, employing 100,000 • Lisburn Castlereagh has a number of high £ businesses 4530 £ people. quality well connected business parks, ideal Number of jobs 54092 for advanced manufacturing and which allows COMPETITIVE Source: The MJ Inward Investment Guide to the companies to export easily and compete OPERATING COSTS UK 2018 Unemployment rate <2% globally. • Lisburn Castlereagh offers investors access to a • The UK is the number one destination Source: Northern Ireland Statistics and for FDI in Europe, with NI the top Research Agency (NISRA) Soft Landing with turnkey commercial property. performing region for FDI in the UK.

2 3 INVEST LISBURN CASTLEREAGH INVEST LISBURN CASTLEREAGH HOTEL AND LEISURE RETAIL

HOTEL HOTEL BEDROOM DEMAND COMPARISON Sprucefield Shopping Centre is RETAIL The Council area earned £27m in 2016 2015 2016 regarded as the premier out of town 2017 Averages from overnight visitors according to Hotel Demand retail location in NI, attracting visitors SOURCE: CBRE National Averages Room Bedspace Room Bedspace NISRA, an increase in spend of 8% in Occup Occup Occup Occup from both north and south of the PRIME RENT (local) £Sq ft/pa BEST 2015, although actual numbers of Northern Ireland 67% 50% 70% 54% border and with plans for future growth Lisburn/Castlereagh £45.00 CONNECTED overnight visitors increased by some 30%. that would increase the opportunities England 73% 53% 74% 53% Belfast £150.00 As the Council area earns considerably to encourage additional short breaks Scotland 72% 54% 71% 54% London £2225.00 more from shopping visits and day trips, in the area. Lisburn Castlereagh boasts Wales Manchester £290.00 which are usually not included in tourism 67% 51% 67% 51% a strong retail market with Bow Street Source: The Research Solution Birmingham £325.00 BUSINESS data, the total earnings from external Mall, located in the heart of Lisburn City FRIENDLY and all domestic visitors may reach is limited supply and untapped fulfilment in new conference, Centre and Forestside Shopping Centre, a Dublin €6300 considerably more than £27m and could meeting and hotel development sites offering significant 304,000 sq ft stand-alone shopping mall Glasgow £140.00 Lisburn Castlereagh Cardiff £175.00 City is the be in the region of £200m+ in total. opportunities for potential investors. occupying a prime location south east best-connected, of Northern Ireland’s Capital City and Liverpool £255.00 most business- Lisburn Castlereagh’s recommended Individual major investments such as that by Historic attracting over 5.2m visitors per annum. Newcastle upon Tyne £235.00 friendly City in NI target for growth in staying visitor Royal Palaces in Hillsborough Castle and Gardens will see numbers and revenue is 10% per annum. substantial economic benefit in jobs created directly and In general, letting evidence would PRIME YIELD (Local Convention) % This is in line with Tourism NI’s target of indirectly, and through visitor spend spreading through the suggest that Lisburn city centre is Lisburn/Castlereagh 6.00% doubling tourism value between 2020 village and wider area, it’s anticipated that this will bring an experiencing increased success in Belfast 5.75% and 2030 identifies growth as a key additional 200,000 new visitors per annum to the City. recent years. Letting transactions have London 5.75% ambition for every part of NI. increased in areas including Lisburn Manchester 4.25% LEISURE City Centre with a number of new Birmingham 5.00% The table above shows that within the The annual Balmoral Show has grown significantly since entrants providing restaurant and Dublin 3.15% UK, only NI recorded any material level moving from Belfast to Balmoral Park in Lisburn. It is estimat- eateries/café uses. Glasgow 6.50% of growth in hotel bedroom and bed- ed that the agricultural and farming show attracted around Cardiff 5.50% space occupancy rates when comparing 80,000 event goers in 2016, with visitors numbers from New entrants including Little Wing, Bob Liverpool 5.00% 2016 to 2015. across NI and further afield expected to increase further. The and Bert’s and Greggs provide multiple Newcastle upon Tyne 5.25% recent addition of the Eikon Exhibition Centre at Balmoral occupier presence in the city centre. There are a few well-established hotels Park, the largest indoor exhibition centre in NI with 10,000 within the Lisburn Castlereagh Council sq. m. of flexible indoor space, ample car parking and 65-acre area which experience high occupancy events park also offers the prospect of generating demand for rates. Despite this high demand, there overnight accommodation from events hosted there.

4 5 INVEST LISBURN CASTLEREAGH INVEST LISBURN CASTLEREAGH

OFFICE INDUSTRIAL

The Lisburn Castlereagh office market OFFICE Lisburn Castlereagh poses huge INDUSTRIAL - potential as an industrial location comprises of a mix of city centre office 2017 Averages LIGHT INDUSTRIAL buildings and edge of town / suburban SOURCE: CBRE due to its proximity to Belfast and its office parks. The city centre market is location on the main Belfast to Dublin 2017 Averages BEST PRIME RENT (local) £Sq ft/pa SOURCE: CBRE characterised by office suites located corridor. Brexit could see a number of CONNECTED Lisburn/Castlereagh £10.00 above retail providing a modern manufacturing and logistics companies PRIME RENT (local) £Sq ft/pa Belfast £20.00 workforce with a host of nearby seeking industrial space along the Lisburn/Castlereagh £4.00 London £67.50 amenities. Belfast to Dublin corridor and Belfast £4.00 Manchester £34.00 Lisburn Castlereagh benefits from London £26.00 Birmingham £33.00 BUSINESS The edge of town / suburban a number of key sites which could Manchester £5.95 FRIENDLY developments are modern own-door Dublin £65.00 accommodate them. Birmingham £6.50 Glasgow £29.50 Lisburn Castlereagh developments with on-site car parking. Dublin £9.24 City is the These sites enjoy high occupancy Cardiff £25.00 The Lisburn Castlereagh Industrial Glasgow £8.00 best-connected, rates and offer good quality office Liverpool £20.50 market benefits from high quality Cardiff £5.00 most business- accommodation. Such schemes include; Newcastle upon Tyne £23.50 accommodation and competitive Liverpool £5.25 friendly City in NI Sidings Office Park and Lisburn Square. operating costs with rates relief on Newcastle upon Tyne £5.50 PRIME YIELD (Local Convention) % industrial use capped at 30% and rates The Lisburn Castlereagh office market Lisburn/Castlereagh 7.50% payable around £0.60 psf. Lisburn PRIME YIELD (Local Convention) % offers competitive operating costs Belfast 6.00% Castlereagh is already home to a number Lisburn/Castlereagh 8.00% compared to Belfast City Centre yet London 5.25% of well-established industrial and Belfast 7.00% occupies a strategic location on the Manchester 5.00% warehousing businesses. With excellent London 4.75% main Belfast / Dublin road and rail Birmingham 5.00% road links to the motorway system and Manchester 4.25% network. In addition, superior broadband Dublin 4.00% fast connection to ports and airports, Birmingham 5.00% these companies can export products connections – rated among the best in Glasgow 5.50% Dublin 5.50% and compete globally. the UK – provides Lisburn Castlereagh Cardiff 5.50% Glasgow 6.00% with all the ingredients for success for Liverpool 6.50% Cardiff 6.50% commercial occupiers. Newcastle upon Tyne 5.75% Liverpool 5.50% Newcastle upon Tyne 6.00%

6 7 Lisburn & Castlereagh City Council has a dedicated ‘Invest Lisburn Castlereagh’ Investment Team working with key partners such as Invest NI the regional economic agency, and local universities, colleges and training providers to support investors.

The Council also facilitates a Property Agent and Investors Forum to support investors and businesses locating into the Council area.

INVEST LISBURN CASTLEREAGH TEAM 028 9244 7484 www.investlisburncastlereagh.com Facebook.com/InvestLisburn @Invest_LCCC