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Avison Young appoints four new directors

Danesfort building back on market (this time for £5 25m)

Jago Bret THE highly sought-after Danesfort Building in south Belfast has been put up for sale for more than £5 million. The imposing four-storey 78,800 sq ft building with adjoining multi-storey car park will go on the market for offers in excess of £5.25m according to commercial selling advisers Avison Young. Constructed in 1959 and sitting on a generous 2.8-acre site with 350 car parking spaces, Danesfort was originally NIE’s headquarters complex before then being sold to Ulster Bank in 2002. In 2013, after the property crash, the bank revealed plans to dispose of Danesfort and have it leased back by its parent company RBS Group (it was struggling and had posted losses of more than £1 billion) as part of a move to free up cash.

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