BELFAST Harbour has been given planning approval for a £250m office development, which its owners claim, sends a serious message to would be investors.
On the eve of the Investment Conference set to attract more than 100 existing and potential investors to the city, Harbour chief Roy Adair said the Grade A City Quays development was a clear sign that the province was eager and able to accommodate new business.
The initial, five story, 83,000 sq ft development, City Quays 1, represents the first phase of a 20-acre, £250m mixed-use, office-led scheme and will be located on a waterfront site near Belfast Harbour Office.
CQ1 is the largest city-centre Grade A office development to be granted approval in Belfast since 2007.
The Harbour is currently in the process of appointing a contractor to start work on the £10m project with construction due to begin this month.
It is expected that CQ1 will be ready for occupancy by October next year.
“CQ1 is the city-ward extension of Clarendon Dock which is already home to a number of significant occupants such as Intel, Capita and Grant Thornton,” said Mr Adair.
“Belfast Harbour has been working closely with Invest NI to address the gap in Grade A office space in Belfast city centre and CQ1 will be available for a full range of commercial office uses.
“This investment, funded entirely by Belfast Harbour, will meet the needs of emerging demand and we have already been exploring a number of strong leads in sectors such as IT and financial services.
“CQ1 will be the largest office to be built in Belfast since 2009 and it’s a timely reminder ahead of next week’s investment conference with the Prime Minister that Northern Ireland is serious about securing more inward investors.”