Commercial Property

Strong retail sector a shot in the arm for investment in North in 2023

Highest level of commercial property transactions in Northern Ireland since 2018

Forestside Shopping Centre in Belfast was acquired for almost €49 million by Mussenden Properties Limited

The number of commercial property transactions in the North increased in 2023, with the highest number of deals recorded since 2018, according to commercial property consultant and estate agent Lambert Smith Hampton.

The company has offices in Dublin and Belfast and according to the latest figures from its Investment Transactions Northern Ireland (ITNI) report, some 52 deals were completed, while investment volumes for the year increased to £341.4 million, (about €396.5 million), which is about ...