2024 Northern Ireland property investment market weakest since 2012

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2024 Northern Ireland property investment market weakest since 2012
Northern-Ireland
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£22.7m sale of Bloomfield Shopping Centre and Retail Park in Bangor was largest transaction of the year

£22.7m sale of Bloomfield Shopping Centre and Retail Park in Bangor was largest transaction of the year

With the Bank of England implementing 50 basis points worth of rate cuts in the latter stages of 2024, investors will be hopeful the rate easing will provide an impetus for greater transactional activity this year, Savills said. This was followed by Randox’s sale of Central Park, Mallusk, covering 800,000 sq ft of industrial space. Another retail transaction – Quays Shopping Centre, Newry to Urban Green – marked the third-largest deal.

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