Renewed market growth in commercial property drives growth for upbeat Davidson McDonnell with two key new senior roles added to their team, doubling their headcount from six months ago.
Belfast-based commercial law firm Davidson McDonnell has strengthened its specialist team with the addition of two key new senior roles as part of a focused plan for growth, which has seen total headcount at the firm double in the last 6 months.
The firm, launched in 2013 by leading property and construction lawyer Ross Davidson, said expansion was being driven by heightened activity in the Northern Ireland commercial property market and a notable increase in demand for specialist legal advice from the firm’s client base in both Northern Ireland and England.
Ross Davidson said, "Northern Ireland’s commercial property market, and in particular, Belfast, is enjoying fresh interest, increased levels of enquiries and much greater optimism than we have seen for some time.
"The ‘doom and gloom’ which we experienced immediately post-Brexit has dissipated quickly. Investment interest which was put on hold in the immediate aftermath of the referendum vote in June has returned and the mood now is much more positive.
"London’s commercial property market is still experiencing some negativity post-Brexit but there are indications now that Belfast’s growth potential is being better recognised as investors seek safer havens elsewhere. Belfast offers good value for property investors of all sizes. We expect activity levels to be high for the remainder of 2016 carrying into 2017."
Amongst its busy workload, Davidson McDonnell has acted in the acquisition of 6 prime office buildings in Belfast city centre for client investors in the last 6 months with a total market value in excess of £20 million.
"Against this buoyant outlook, we are delighted to announce two strategic new hires to our dedicated team," said Ross.
Vicky Dummigan and Clare Templeton now join Davidson McDonnell further strengthening the firm’s expertise in the areas of mergers and acquisitions, private equity and venture capital funding, dispute resolution and restructuring and insolvency.
Ross added, "Whilst our main focus remains the commercial property market, both here and in England & Wales, the addition of Vicky and Clare’s expertise in the areas of corporate/commercial and dispute resolution is the natural evolution for our business as we continue to provide a first class expert driven service to our clients."
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