This project occupies one of the best locations in Central Belfast. The site is only 750 metres from the refurbished Lanyon Place Train Station. This is a major terminus for commuter routes and hosts the cross-border Enterprise service to Dublin.
The site has substantial frontage onto the River Lagan in a rejuvenated area with 750 million GBP of public and private sector investment already. Confidence in the area is also demonstrated by a recent 8,400 square metre (90,000 square feet) extension to Belfast Waterfront Hall.
There is compelling and sustained evidence of success through economic indicators that point towards an attractive office investment environment. A notable example is that in 2018 uptake for Grade A office space doubled from the year before.
Tourism also has significant potential and this sector is fast becoming a 1 billion GBP a year generator for Northern Ireland’s economy. Rising visitor numbers reached 4.5 million in 2018, fuelling demand for hotels. Visitors have also been staying longer and spending more as they are drawn to world class attractions. These include UNESCO Heritage Site the Giant’s Causeway and locations made famous by HBO’s epic fantasy series Game of Thrones.
Belfast City Council has an active policy of encouraging residential elements within developments in Belfast and this project would suit the private rented sector.