Queen's Parade, Bangor

Investment opportunities are available for this mixed use, multi-phased city centre project located in an affluent and desirable area of Northern Ireland.

This private sector project is located in an desirable area of Northern Ireland on the south side of Belfast Lough and within the Belfast metropolitan area. The opportunity presented allows scope to participate in an eagerly awaited mixed use seaside project which is capable of phasing and which has already been granted government backed Levelling Up funding.

Location:

Bangor

Investment type:

Capital investment - real estate

Sector:

(Real estate, Residential, Offices, Retail, Leisure, Hotel)

Project promoter:

Bangor Marine Limited

Scale:

£83 million GDV

Planning status:

Full planning consent

Time to Final Investment Decision (FID):

0-6 months

Lisa Longstaff

Deputy Head of Real Assets Investment

Contact the opportunity lead

Get in touch

Sector and market opportunity

Bangor is often cited as one of the wealthiest council areas in Northern Ireland. It has a vibrant economy boosted by tourism annually. Tourism within Northern Ireland has significant potential with 4.5 million visitors annually, a figure which is growing due to its many world class attractions.

Location

Located some 20 minutes drive time from Belfast, Bangor functions as a commuter settlement and enjoys an attractive seaside location overlooking one of Ireland’s largest and most successful private marinas which currently has some 600 berths. Bangor has a catchment of 475,000 persons within a 30 minute drive time. As well as a vibrant residential market, the Ards and North Down Council enjoys significant tourism revenue and further potential.

Connectivity

Bangor has excellent rail and road links to Belfast and its wider Metropolitan Area. For example, Belfast City airport is only a 20 minutes drive time away, as is Belfast Port.

Local talent and skills

The area has several top grammar and secondary education establishments. In addition, the Bangor campus of the South Eastern Regional College specialises in business management, bio-sciences, computing, electronic engineering, manufacturing and mechanical engineering, and creative industries.

Consequently, North Down is home to several world class companies. These include Denroy Plastics, a world leading innovator in the design and manufacturer of engineered polymer components and solutions, and Spirit Aviation, one of the world’s largest suppliers of aerostructures for aviation businesses.

Region Spotlight
Northern Ireland

It is an integral, uniquely positioned part of the UK and is the ideal location to grow your company. Its combination of a business-friendly environment, highly skilled workforce, quality skills pipeline, excellent infrastructure, and unique market access offer a compelling proposition for your business. Over 1,300 international companies across a range of sectors are based in Northern Ireland (NISRA, 2023). The region has a long-standing history of international trade performance, hosts globally recognised universities and offers investors unfettered access to both the UK and European Union markets.

View all investment opportunities in Northern Ireland

Research and expertise

Notable supporters include Ards and North Down Council, the Department for Communities in Northern Ireland as well as the Department for Levelling Up and Communities.

Further details

The project is mixed use and is capable of a risk averse phased approach, having the capability of providing accommodation for a variety of vibrant sectors, to include residential, offices, hotel, leisure, and retail.

Local and national government support

The projects have obtained £9.8 million of Levelling Up funding.

It will also link directly into Bangor’s wider waterfront regeneration plans which has £75 million of investment. This is part of Belfast’s region city deal that will improve a 2 mile stretch of coastline with new green ways and coastal paths.

Environmental, social and governance (ESG) highlights

Queen’s Parade will support environmentally friendly construction practices and deliver a much better environment from which to enjoy excellent outside spaces. In addition, the vision for the project with gardens, play areas and seafront lawns will not only lift the connection to the natural environment but also lever societal gains.

Other opportunities

Tyne Clean Energy Park

An exciting opportunity to invest in the North East’s most versatile clean energy park at the Port of Tyne.

Advanced Manufacturing Innovation District Scotland (AMIDS)

Investment at the Advanced Manufacturing Innovation District Scotland (AMIDS) focuses on re-energising Scotland’s local manufacturing base. Development opportunities include advanced manufacturing, aerospace and commercial offices. Investment opportunities include joint-venture partnerships.

Howbery Business Park in Wallingford, Oxfordshire

Creation of a centre of excellence for water, the environment and climate change, providing opportunities for collaboration across research, innovation and industry

Brent Cross Town

Brent Cross Town will be a new 1 million square metre (10 million square foot) mixed-use neighbourhood spanning 180 acres, with 50 acres of open space, parkland and playing fields.

Fawley Waterside

Fawley Waterside aims to be one of the first net zero smart towns in Europe; spread over 400,000 square metres, it will sit inside the proposed Solent Freeport.

Cardiff Central Quay

A 200,000 square metre mixed-use regeneration scheme adjacent to Cardiff’s Central station, in the heart of the capital city of Wales.

Bicester Motion in Oxfordshire

Bicester Motion is a 444-acre branded commercial and leisure destination, strategically located at the heart of the UK’s mobility and tourism industries.

Newtown Works in Ashford, Kent

A mixed-use town centre regeneration project offering world-class film studios, apartments and commercial space at a heritage site next to Ashford International Station.

Gravity

An immediate investment opportunity in a data-driven commercial development that’s focused on sustainability and clean growth.

Arden Cross in the Midlands

Arden Cross is a global destination for innovation, business, learning and living, across more than 140 hectares in Solihull in the West Midlands.

First Street in Manchester

A high-profile opportunity to invest in net zero commercial office space in the heart of Manchester City Centre.

Purfleet-on-Thames

An opportunity to invest in a £1.3 billion development along the Thames Estuary – a creative hub and new town centre providing homes, film and TV studios and community and transport infrastructure.

Perth West in Scotland

A strategic opportunity for debt, equity investment, co-investment or development funding to develop a net zero eco innovation business park and city expansion.

Clyde Gateway Green Regeneration Innovation District (GRID) in Glasgow

Thinking globally, acting locally. Clyde Gateway's GRID integrates real estate and climate resilience in a '20-minute neighbourhood' near central Glasgow.

210616_1527-BelfastTransportHub_V15-with MSCP 1.png

Weavers Cross transport-led regeneration project in Belfast

Located alongside the largest integrated transport hub in Ireland, Weavers Cross is a 121,000 square metre regeneration project of mixed-use space.

Teesworks in North East England

Teesworks is a significant brownfield regeneration opportunity in the UK, with the largest and most connected industrial zone and diverse, sustainable and low-carbon activity.

The Waterside in Belfast, Northern Ireland

An opportunity to invest in a prime waterfront location in central Belfast – something that’ll cater for the office, hotel, serviced apartments, residential and private rental sectors.

18 Central, Corporation Street, Belfast,

A substantial build-to-rent project in Belfast city centre, with a chance for early participation via different finance options - including equity share and traditional funding.

Harlow Innovation Park

This is an opportunity to forward fund or acquire future assets at the developing 10-hectare Harlow Innovation Park on an individual or multiple plot basis.

A new higher education institute in Milton Keynes

A chance to invest in MK:U, a new higher education institute for the digital economy, created with business and for business.

Kings Hall Life Sciences Park in Belfast, Northern Ireland

An opportunity to invest in the next two phases of regeneration of Kings Hall Life Sciences Park. This project is a significant economic driver in the life sciences sector and has already attracted government funding; the first phase of construction is complete and 40,000 square feet fully occupied by Life Sciences tenants.

MIRA Technology Park, South Site in North Warwickshire

A £260 million funding opportunity for occupier-led investment in the industrial sector with potential for a multi-phased development approach. The scheme provides rare, strategic and advanced manufacturing facilities with associated links to the extensive research and development infrastructure at MIRA.

Titanic Quarter in Belfast, Northern Ireland

Comprising of 75 hectares or 185 acres of prime waterfront land, this project is one of Northern Ireland’s most important regeneration enterprises.

The Sixth, Royal Avenue, Belfast, Northern Ireland

An opportunity to invest in a mixed-use, 250,000 square feet space that will serve the Grade A office, creative and technology sectors.

A new high-speed terminus in Birmingham Curzon

Several major investment opportunities exist around the development of a new high-speed terminus station in Birmingham city centre.

Norwich Union House, Belfast, Northern Ireland

A chance to invest early in a 160,000sq ft mixed-use, 7-storey building primarily for Grade A offices in Belfast. Full planning permission is already in place. A variety of finance options are available including equity share or traditional funding.

GatewayEast in Doncaster

A chance to invest in a world-class destination for research, innovation and living, where sustainable environments and international connectivity create an opportunity for communities to thrive.

Interchange Commercial District in Wolverhampton

A chance for developers and investors to get involved with the Interchange Commercial District area in Wolverhampton, via a range of investment and delivery structures.

The Biosphere at Newcastle Helix

A unique opportunity for an investor-developer to partner with Newcastle City Council and accelerate growth in an established life science ecosystem.

Sheffield Olympic Legacy Park

A public-private partnership bringing South Yorkshire’s most innovative organisations in health, sports and wellbeing together in an actively managed ecosystem, to advance health outcomes and economic growth. Opportunity to invest in 4 foundation buildings as part of a 92,092 sqm (1m sqft) masterplan.

Speak to us

The government is identifying new projects across the whole of the UK. Investors who are interested in our projects can find out more by contacting us.