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Property event told Belfast full of opportunity

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William McCulla, Invest NI (back, left); Gareth Planck (front), Eversheds Sutherland Stephen Cahoon, Cromwell
Property Group; Suzanne Wylie, Belfast City Council, and Douglas Munro, Legal & General

William McCulla, Invest NI (back, left); Gareth Planck (front), Eversheds Sutherland Stephen Cahoon, Cromwell Property Group; Suzanne Wylie, Belfast City Council, and Douglas Munro, Legal & General

William McCulla, Invest NI (back, left); Gareth Planck (front), Eversheds Sutherland Stephen Cahoon, Cromwell Property Group; Suzanne Wylie, Belfast City Council, and Douglas Munro, Legal & General

The property market in Belfast has the potential to attract international investment, an industry event has heard.

The event, hosted by global law firm Eversheds Sutherland, which has a Belfast office, also heard there are still challenges in the market here.

Real estate partner Gareth Planck told the event that opportunities will arise, but that it will require hard work to make sure that investments are realised.

"After a resilient few years and despite a range of challenges, not least Brexit, the market is finally stabilising," he said. "The opportunity now exists to accelerate investment and regeneration in Belfast and Northern Ireland and this now needs to be capitalised on."

Mr Planck said that the recent granting of planning approval for the £500m Tribeca development had sparked optimism.

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