Introduction
Renewed Ambition is a joint public and private sector-led initiative which aims to shape how we reimagine the future of our city and act together to deliver that ambition in the months and years ahead.
Over the last 12 months, Renewed Ambition has delivered an intensive collaborative programme across five key pillars: a series of events and webinars to shape the conversation about the city and engage with the investment community; a stakeholder engagement strategy; a research pillar; PR, communications and media engagement and, finally, a repository of relevant information for sponsors to access through the Invest in Belfast website.
As part of the research pillar, it was agreed we would commission two pieces of research. The first is a detailed market insights analysis to understand the performance of the real estate market in Belfast over the last five years and also to identify the opportunity that lies ahead.
In January 2021, CBRE NI was appointed to carry out the research and we are pleased to present their market insights, based on their view of the commercial real estate market.
A second piece of research is also underway which will assess the social impact of real estate investment in the city. We look forward to sharing that too in the coming months.
On behalf of the Renewed Ambition Taskforce, I would like to thank all those who have been involved in shaping this document. Collectively, we have developed a new research
asset containing invaluable insights and information which many international investors, banks and property companies will be keenly interested in.
I hope all the partners involved in Renewed Ambition will find this research acts as a useful and insightful tool when having those all-important conversations with investors and key stakeholders.
We look forward to strong recovery and growth in our re-energised capital city, Belfast, and across the wider region in the months ahead.
Joe O’Neill
Chair, Renewed Ambition
Chief Executive, Belfast Harbour
