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Avison Young brings Danesfort office building to market

Avison Young brings Danesfort office building to market May 10, 2021

The four-storey, 78,800 square foot headquarters office building with adjoining multi-storey car park sits on a generous 2.8-acre site and is expected to generate significant interest.

Strategic real estate advisor Avison Young, acting on behalf of Ulster Bank, has launched the sale of Danesfort, Stranmillis Road, Belfast.

Constructed in 1959, Danesfort was originally NIE’s headquarters complex until its more recent sale to Ulster Bank in 2002. The property is one of the largest predominantly vacant office buildings to come to the market in recent years and is one of the few large-scale office complexes outside of central Belfast with the benefit of an office planning consent.

Situated within excellent public transport links to Belfast city centre, Danesfort presents a highly attractive refurbishment or redevelopment opportunity for a range of uses including office, residential, PRS, primary care, PBSA and hotel subject to planning and vacant possession.

Jago Bret, Principal & Managing Director of Avison Young in Northern Ireland said,
“We believe that Danesfort will have broad appeal across investors, developers, and owner occupiers, due to the unique opportunity it offers in the post-pandemic world we are now stepping into.

Now more than ever, occupiers are likely to be seeking office space closer to their place of residence and to support services such as schools and childcare facilities. In addition, Danesfort’s highly attractive suburban location will be particularly appealing from a health and wellbeing perspective and in supporting the new hybrid working model that many companies are expected to adopt post-pandemic.”

The property is currently let in part to NIE Networks Limited, covering part of the 3rd Floor and part of the 4th Floor along with a small ground floor store.

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