Mon Jul 31 2017
HM Revenue and Customs has signed an Agreement for Lease with Orby Investment to take the whole of the upper floors, comprising 104,220 sq ft, at Erskine House, Chichester Street in the centre of Belfast.
McConnell Chartered Surveyors and their Alliance Partner JLL advised HMRC in the transaction, which is one of the largest ever office pre-lets in the local NI market.
The building, which will occupy a highly prominent location in the city centre, on the corner of Chichester Street and Arthur Street, a stone's throw from City Hall, will accommodate some 1,600 full time equivalent HMRC employees.
Site preparation and demolition work has already started and construction is due to commence in the autumn with completion and hand-over for tenant fit-out in 2019.
McConnells are JLL's formal Northern Ireland Alliance Partner, and the HMRC acquisition is just one of several high-profile exercises the two firms are working on together in the province.
Fri Jun 2 2017
Hotel Chocolat have opened their new state of the art chocolate shop with Cafe on Belfast's Donegall Square North
Located on one of Belfast's busiest thoroughfares, on the corner of Donegall Square and Fountain Street, the unit is just a stone's throw from City Hall
A complete re-fit of the unit has resulted in an ultra modern feel internally, complementing the listed building which is also home to Hotel Chocolat's Landlord, the Linen Hall Library, and Molton Brown.
McConnells acted for the landlords in the letting to Hotel Chocolat and are retained to manage the building
Fri May 26 2017
Bedford House, one of Belfast's most successful office buildings, has revealed plans for a new state of the art in-house gym facility, together with meeting and conference rooms, which will be available exclusively for Bedford House tenants.
The initiative was announced at a pop-up picnic event at Bedford House which also raised over £500 for Northern Ireland Chest Heart and Stroke.
McConnell staff members, Rebecca Scott and Simon Hollywood did their bit by taking part in the Static Cycle Challenge watched by Leanne Armstrong, Front of House at Bedford House.
McConnells are managing agents and joint letting agents at Bedford House.
For information on office accommodation available at Bedford House please contact Caroline McKillen at McConnells - +44(0)2890205900.
Thu May 18 2017
McConnells are marketing this superb prime shop unit on Belfast’s Arthur Street, which extends to some 2,354 sq ft.
Formerly occupied by Jaeger and in an excellent position with a frontage of 31 feet to Arthur Street, one of Belfast’s hottest pedestrianised retail locations, the unit is exceptionally well fitted out with air-conditioning, recessed display lighting, internal roller shutters, stock room and good ancillary accommodation.
The unit is key-ready and available for immediate occupation, and presents the perfect opportunity for a retailer to get into one of Belfast’s best retail streets.
For full details, go to:
Wed May 17 2017
Construction work is well underway at Artola House on Victoria Street and Upper Church Lane in Belfast city centre.
The office scheme involves a complete redevelopment behind the retained existing red brick frontages, and will deliver some 20,000 sq ft of Grade A offices when complete in Quarter 1 2018.
With typical floorplates of 3,900 sq ft the building will suit either a single let HQ or it could be let floor by floor.
Internally, the landlord fit-out will be first rate - totally modern but incorporating features of the original 1870s linen warehouse, and including full air-conditioning, raised access floors, floor to ceiling heights ranging from 2.7m – 3.2m, 10 person passenger lift and high quality WCs.
The prime city centre location, right beside Victoria Square Shopping Centre and a stone’s throw from the Courts complex, could not be better.
McConnells are sole letting agents – contact Rory McConnell on 028 92 205 900
Thu May 11 2017
Acting on behalf of a locally based Charitable Trust, McConnells has acquired the Iceland investment at 475-477 Antrim Road, Belfast.
At a purchase price of £1.3m the net initial yield equates to 7% after allowing for purchaser’s costs.
Commenting on the investment market, McConnells director Rory Clark says:
“Competitive bidding has returned to the market, reflecting the lack of good investment stock, and a strong appetite for small to medium sized lots, particularly from high net worth individuals.
We anticipate that yields will continue to hold up in 2017 for property assets, particularly with comparatively low returns from alternative forms of investment.
More enthusiasm from the lending institutions will also help to bolster demand.
All of this despite a level of uncertainty as a result of Brexit and the forthcoming General Election.”
Mon May 8 2017
Karolina Shops, Northern Ireland's leading Polish Foodstore Group, has taken a new unit on the Newtownards Road in East Belfast.
Karolina International Foods Ltd has the largest network of Polish stores throughout Northern Ireland, with some 17 outlets called "Karolina Shop". These are multifunctional food stores with a wide assortment of over 3500 to 4000 Polish products.
At over 3,700 sq ft on the ground floor, plus first floor storage, the new unit will be one of the largest in the Karolina network.
McConnells were appointed by Iceland Frozen Foods in November last year to market the unit which had lain vacant for a long period of time.
Adam Bolton at McConnells negotiated the deal on behalf of the Landlord, Iceland.
Fri May 5 2017
The rear elevation of River House is now shrouded in scaffolding as work gets underway to transform this major Belfast landmark building into some 90,000 sq ft of Grade A offices.
London developer Castleforge Partners acquired River House last year, and is undertaking a full refurb to include a new glazed curtain wall system; double height foyer; raised access floors and floorplates of around 6,000 sq ft.
McConnells are managing agents and joint letting agents with CBRE on the scheme.
Commenting on the project Rory McConnell, director at McConnells, says "River House is ideally placed on the edge of Cathedral Quarter in the heart of Belfast City Centre, and we expect to see strong demand from office occupiers. The redevelopment is due to complete in Q2 2018 and will deliver much needed space in a market where demand for Grade A offices far outstrips supply".
Wed Mar 1 2017
In a double success for Adam Bolton at McConnells, he has signed up two new tenants for our client Nationwide Building Society at Marcus Square and Marcus Street, in Newry city centre.
Grafton has opened in a 460 sq ft ground floor unit with additional 1st floor accommodation on Marcus Square.
Collins & Collins, Estate Agents, has taken a unit round the corner on Marcus Street, with 830 sq ft over ground and 1st floors.
Adam was also successful last year in letting the former Santander building on Margaret Square Newry to Shelbourne Financial Solutions.
Tue Feb 28 2017
Markets hate uncertainty, and the property market is no exception - and Northern Ireland seems to have uncertainties by the spadeful
But it's not all doom and gloom...
Mon Dec 5 2016
The tower crane is up over Grand Central, Belfast, the new Hastings Group Hotel under construction on Bedford Street in the heart of the City Centre
This is possibly the tallest crane ever seen on the Belfast skyline - the former Windsor House office building is 24 stories high and the crane tower had to extend a further 2 stories above the rooftop telecommunications equipment
The outer skin is now coming off the entire building, to be replaced with a complete new cladding system, and the new 300+ bed Grand Central Hotel is expected to open during 2018
McConnells acquired the property for the Hastings Group in 2015
Mon Nov 21 2016
A landmark building in Belfast City Centre has been granted planning permission to undergo a major refurbishment.
River House, located on High Street in Belfast, has five ground floor commercial units and a 66 space car park to the rear accessed via Waring Street. Planning Permission has been granted for 90,000 of retail and Grade A office accommodation.
Castleforge Partners purchased the property earlier in 2016 with the intention of refurbishing the space to meet the increasing demand for quality Grade A office space.
The approved application shows plans to enlarge and convert the ground floor retail units to restaurant use and to enlarge the entrance lobby to the offices. Further improvements include a dramatic new glazed front facade, replacement windows and the installation of full air-conditioning to the office floors.
McConnell Chartered Surveyors manage River House for Castleforge Partners.
McConnells and CBRE have been appointed as joint letting agents on the refurbished building.
Mon Nov 21 2016
Outdoor Clothing Retailer, Trespass, has just opened a new store on Market Street in the heart of Omagh town centre. The lease on the property was negotiated by McConnell Chartered Surveyors. The Landlord was represented by local agent, Geoffrey Fleming of JG Flemings.
The Omagh store is the latest in a long list of outlets acquired by McConnells on behalf of their retained client, Trespass.
Commenting on the deal Rory McConnell, director at McConnells, said Trespass has been eyeing Omagh for some time, but it has proved difficult to find a suitable shop unit on the main retail pitch. When the former Xtravision unit came up we quickly started negotiations with the landlord's agent, and Trespass are delighted to have opened the new shop in time for the Christmas rush.
Whilst Trespass now has good coverage across the Province, they are still in expansion mode and we will still look at further opportunities throughout Northern Ireland"
McConnells are retained by Trespass on all property acquisitions in Northern Ireland