Menu
27/10/2010
Hoteliers Sign Property Deal Worth £3m
Barclays Corporate has granted a £3m loan to businessmen to assist with the purchase of a prime building in Belfast city centre.
Blackstaff House in Great Victoria Street, currently on a long-term lease to the BBC, will be bought by Edward and Patrick Simpson.
The businessmen, whose interests include Benedicts Hotel, said they were keen to diversify their investment portfolio.
Gavin Campbell, relationship director at Barclays Corporate, said: "It is a good example of the type of strategic and innovative transactions that are possible despite difficult market conditions."
Sean Lavery, the firm's tax partner, said: "The economy has been through tough times recently but this transaction is a demonstration of the confidence that still exists in the market for prime real estate deals."
Business advisors BDO were also involved in the commercial property transaction.
(GK/BMcC)
Blackstaff House in Great Victoria Street, currently on a long-term lease to the BBC, will be bought by Edward and Patrick Simpson.
The businessmen, whose interests include Benedicts Hotel, said they were keen to diversify their investment portfolio.
Gavin Campbell, relationship director at Barclays Corporate, said: "It is a good example of the type of strategic and innovative transactions that are possible despite difficult market conditions."
Sean Lavery, the firm's tax partner, said: "The economy has been through tough times recently but this transaction is a demonstration of the confidence that still exists in the market for prime real estate deals."
Business advisors BDO were also involved in the commercial property transaction.
(GK/BMcC)
Related Northern Ireland News Stories
Click here for the latest headlines.
14 November 2024
Belfast Christmas Market Announces Dublin Express As Official Travel Partner
Belfast Christmas Market is set to celebrate its 20th anniversary in style, with the announcement of Dublin Express as its official travel partner. Opening its gates on November 16th at 12 noon, the market is expected to attract over a million visitors.
Belfast Christmas Market Announces Dublin Express As Official Travel Partner
Belfast Christmas Market is set to celebrate its 20th anniversary in style, with the announcement of Dublin Express as its official travel partner. Opening its gates on November 16th at 12 noon, the market is expected to attract over a million visitors.
14 November 2024
Other News In Brief
Belfast's St George's Market Hosts Festive Christmas Twilight Market Get ready for some festive cheer! St George's Market in Belfast is hosting its annual Christmas Twilight Market on Tuesday 26th and Wednesday 27th November from 4pm to 11pm. The market will be transformed into a winter wonderland with twinkling lights and a lively atmosphere.
Other News In Brief
Belfast's St George's Market Hosts Festive Christmas Twilight Market Get ready for some festive cheer! St George's Market in Belfast is hosting its annual Christmas Twilight Market on Tuesday 26th and Wednesday 27th November from 4pm to 11pm. The market will be transformed into a winter wonderland with twinkling lights and a lively atmosphere.
02 May 2019
Retail NI Slams Roll Out Of ATM Transaction Charges
Retail NI has said a recent study on the rollout of transaction charges for ATMs across the UK should act as a major wake up call for Government. The study shows that a transaction charge has been imposed on over 1700 cash machines so far this year, with more to be added.
Retail NI Slams Roll Out Of ATM Transaction Charges
Retail NI has said a recent study on the rollout of transaction charges for ATMs across the UK should act as a major wake up call for Government. The study shows that a transaction charge has been imposed on over 1700 cash machines so far this year, with more to be added.
01 October 2021
Hospitality And Leisure Could Add Over £100m To NI Economy
Northern Ireland's hospitality and leisure industry is "thriving again" and could contribute £102 million more to the economy than in 2019, according to new research by Barclays Corporate Banking.
Hospitality And Leisure Could Add Over £100m To NI Economy
Northern Ireland's hospitality and leisure industry is "thriving again" and could contribute £102 million more to the economy than in 2019, according to new research by Barclays Corporate Banking.
13 September 2011
NI Businesses Anticipate Less Reliance On Public Sector
According to a recent research report, two-thirds of businesses in Northern Ireland (67%) believe the economy will have less reliance on the public sector over the next decade. The findings of the report, conducted by Barclays Corporate, are based on a survey of 664 businesses of all sizes across the UK.
NI Businesses Anticipate Less Reliance On Public Sector
According to a recent research report, two-thirds of businesses in Northern Ireland (67%) believe the economy will have less reliance on the public sector over the next decade. The findings of the report, conducted by Barclays Corporate, are based on a survey of 664 businesses of all sizes across the UK.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
