The CBRE Retail team know retail property. Our teams cover retail agency, out of town, shopping centres, lease consultancy and capital markets as well as corporate occupier services, research and consultancy. Based in the west end of London we have an extensive team covering central London retail as well as offices across the rest of the UK specialising in local retail knowledge.
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Shopping centres have much to gain from energy efficiency. Retail is the second largest consumer of energy in the UK, costing the sector £3.3 billion in 2013. The Carbon Trust states a 20% reduction in energy costs for retailers equals a 5% increase in sales.
This represents a significant amount of money that is being wasted through low awareness of energy use in retail environments.
This report is the third in the BCSC low carbon series. The first report, Accelerating Change: Towards Low Carbon Shopping Centres explored the opportunities and challenges for furthering energy efficiency in retail property.
Continued activity in the Northern Ireland property market over recent months
9 investment transactions totalling approximately £58.6 million having completed in the region during Q1 2015
We expect to see more office investment properties coming to the market over the coming months with an increasing number likely to trade off-market
There has been a discernible increase in demand from local investors over recent months, particularly for lot sizes of up to £10 million.
Prime yields for the most part remain stable at present although there is potential for office yields to contract further over the course of the Summer months as new market evidence materialises and further rental growth emerges.
The announcement that Invest Northern Ireland intend to provide funding to support the development of some speculative Grade A office accommodation in Belfast has been broadly welcomed
With the devolution of corporation tax powers having now passed the House of Lords stage and possibly taking effect from 2017, it is hugely important that sufficient office accommodation is available at this juncture
Activity in the retail sector continues to improve, with regional locations also reporting an improvement in tenant demand over recent months.
The hotel sector continues to strengthen and a good Summer season is in prospect - boosted by the hosting of the Irish Open at Royal County Down and the hosting of the Tall Ships Race in Belfast in July.
Demand for residential sites has increased significantly over recent months. However, very few development sites are being offered for sale at present.