Belfast based commercial law firm Davidson McDonnell has strengthened its specialist team with the addition of two key new senior roles.
The appointments come as part of a focused growth plan which has seen the total headcount at the company double in the last 6 month period.
The business, launched three years ago by leading property and construction lawyer Ross Davidson, said that the expansion was being driven by increased activity in the Northern Ireland commercial property market and a significant rise in demand for specialist legal advice from the company’s client base in both Northern Ireland and England.
Ross Davidson commented: “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 six prime office buildings in the heart of Belfast for client investors in the last six months with a total market value of more than £20 million.
Davidson continued: “Against this bouyant outlook, we are delighted to announce two strategic new hires to our dedicated team.”
Vicky Dummigan and Clare Templeton will now join Davidson McDonnell, further strengthening the company’s expertise in the areas of mergers and acquisitions, private equity and venture capital funding, dispute resolution and restructuring and insolvency.