Savills thriving in an 'increasingly exciting market'
The property market is a mercurial beast subject to the whims and fancies of economics, politics and avarice, according to Ben Turtle, Director of Savills NI.
Announcing sponsorship of the Architectural Practice of the Year category in this year's Belfast Telegraph Property Awards, Mr Turtle said that while it was a challenging environment for establishing a business, if the elements all come together, then there is no better business to be involved in.
Mr Turtle continued: "Belfast today is such a place and Savills a willing and excited partner in sharing the phenomenal growth the city has experienced in recent years.
"If a perfect storm is a calamitous event arising from the powerful effect of a unique set of circumstance, then what we are enjoying here in Savills and Belfast is an imperfect storm.
"Belfast, as the economic engine of the North, has in recent years seen unprecedented surge in development, consumer confidence and foreign direct investment.
"All of these events occurring together has produced year on year growth for us."
The company has expanded from a staff of six in 2011 to 21 and is currently looking for new larger premises to accommodate current and future growth.
Mr Turtle says that the company's growth is not just down to the economic climate but the expertise of the Savills team.
He adds: "While there are some very exciting new office schemes in the pipeline like One Bankmore Square and The Paper Exchange, we need to move in 2018 in advance of their delivery, however fortunately there are a number of high quality city centre refurbishments available.
"Whilst it might appear simply serendipitous that Savills is enjoying prodigious growth, or that it is the consequence of the improved economic and political climate, there are other, more discriminative considerations.
"Our team, as evidenced by our expansion, is incredibly active with an unrivalled wealth of experience in all property matters. While the year has been underpinned by Savills' involvement in two of the largest transactions in the history of the market - acquiring CastleCourt Shopping Centre for Wirefox, and the pre-let of Erskine House office to HMRC for Orby Investment Ltd - the business is market leading across all sectors.
"We also have an equally incredible client base that are market leaders in their respective fields that we enjoy sharing mutual successes with and look forward to working with for years to come in an increasingly exciting market."