News - Northern Ireland

Leading Belfast based commercial property agency, Lisney, has announced the appointment of an Associate Director to strengthen its Investment team as a result of ongoing demand and the agency’s success within the market.

Stephen Chambers has been appointed Associate Director in Lisney’s Investment department which is set to transact in excess of £150m this year - more than 30% of the region’s annual investment transactions.

The agency, which also specialises in office, retail, leisure and industrial property acquisition, made the strategic decision to further expand the team’s experience and capabilities as it anticipates the completion of several high profile transactions before year-end, and a fruitful 2016.

Stephen Chambers, who brings with him a wealth of property and banking experience, said:

“This is a very interesting time for investment in Northern Ireland, particularly within the retail and office sectors where increased confidence is having significant impact on demand and pricing.

“Retail assets currently on the market and attracting strong interest include Junction One and The Outlet at a combined price of £60m and the Land Securities portfolio of foodstore and shopping centre assets at the combined guide price of £56m.

“These sales will contribute significantly to the annual property investment transaction value which is now expected to be in excess of £500m for 2015.”

Working closely with Lisney’s Investment Director, Nicky Finnieston, Stephen will be involved with providing advice on investment sales and acquisitions for clients and the sourcing of funds.

Mr Finnieston said:

“Stephen’s experience and knowledge is a perfect fit for Lisney as we grow and expand upon our existing success within the sector.

“Having previously worked in Corporate Banking, Stephen is also best placed to advise our clients on the options they have regarding sourcing and structuring finance, which is essential in the current market.

“Our Investment team has been particularly active so far this year both locally and in GB having worked on more than £80m of notable deals including Erneside Shopping Centre Enniskillen, Boots on Belfast’s Royal Avenue and The Parkway Shopping Centre in Coulby Newham.

“The outlook is very positive and with deals currently in the hands of solicitors, we expect our Investment team to transact just over £150m for the year.”

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