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New £20m Belfast office development proposals put forward

New £20m Belfast office development proposals put forward
Plans for a £20 million office construction in Belfast have been submitted, representing the biggest commercial development since the credit crunch of 2008.

Titanic Quarter Ltd, owners of the eponymous site in the capital city of Northern Ireland, announced that it has submitted proposals for 190,000 square feet of offices on Queens Road.

So long as everything goes to plan, the construction of these buildings could get underway fairly rapidly, with work not only finished by 2015, but "open for business".

"As we see the first tangible signs that we are moving out of one of the longest economic recessions in the last century, it is time to ensure that Belfast can continue to offer potential investors flexible, modern, high-end business accommodation," said David Gavaghan, chief executive officer of Titanic Quarter.

He said that the company was confident that this new development will fill in a gap in the market, helping the city meet the conditions of the "global knowledge economy".

"We are already working hard to market the building and the city as we continue to develop Titanic Quarter as one of the world’s most exciting waterfront locations," Mr Gavaghan said.

"Belfast is establishing a strong reputation in financial services, with the Financial Times recently listing the city as the number one destination globally for financial technology R&D investments and among the top destination cities globally for financial services technology investments."

He also said that it will provide indigenous firms with the opportunity to grow into what he described as a dynamic area. This will go a long way to boosting the city's economy, as well as that of the country.

The CBI Northern Ireland Director Nigel Smyth said: "There is a strategic shortage of high quality office space in Belfast – which will impact on our ability to attract in new international investors and support the growth of indigenous companies."

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Date: 11/09/2013 16:33:00

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