Wirefox unveils plans for £45m Grade A offices

A computer generated image of the new Paper Exchange office building
A computer generated image of the new Paper Exchange office building

A £45 million development planned for Belfast city centre will bring Grade A office capacity for around 2,000 offie workers the firm behind the scheme has claimed.

Plans for the Paper Exchange - to replace the Oxford & Gloucester buildings on Chichester Street, have gone on public display as part of a consultation process.

The buildings and adjacent lands, will be redeveloped to create 200,000 square feet of Grade A office space supporting around 100 jobs in the construction process.

Wirefox, the company behind the development which was founded in 2014, says the cost of the redevelopment will be around £45 million.

Wirefox has already invested over £225 million in projects across Northern Ireland.

Commenting on the plan, Wirefox Investment Director, Steven Flannery, said “The shortage of Grade A office space in Belfast has been well publicised.

“The proposed development will provide a best-in-class office in a core Central Business District area of the City.

“We believe the design and prime central location will be hugely attractive to domestic and international corporations, and a major draw for the calibre of employee they will seek to attract.”

Wirefox Architect, Emma Murtagh, added: “The design for The Paper Exchange is committed to using the highest quality materials, that are rich in colour and texture.

“This innovative approach to urban design will create a spacious and light interior providing an attractive and highly appealing place to work in the city centre.”