Construction UK Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
18/04/2019

Regeneration And Development Investment Doubled In Belfast

Construction News Image
Up to £2 billion of investment in regeneration and commercial property development has been completed, is underway or is in planning, Belfast City Council has said, more than doubling its original £1bn target.

Speaking at a 'MIPIM 2019 Wrap Up' event at the Belfast Harbour Commissioners' Office, Suzanne Wylie, Chief Executive, Belfast City Council said: "In 2016, as a council we set an ambitious target of bringing £1billion of investment in regeneration and commercial property development to Belfast. Now, just three years down the line, we're on course to double that target.

"This £2billion investment figure bears testament to all that our city has to offer. Since the Millennium, we've been saying that Belfast is a city on the rise and, today, it's clear to see how far we've progressed and how much regeneration is still taking place. Just look at the number of cranes on the skyline again.

"This volume of regeneration is thanks to strong collaboration between the private and public sectors. And if we want to continue securing investment in Belfast, it's imperative that we work together to market our compelling proposition, and that we have the industry and technical knowledge to back it up – which is why initiatives like MIPIM are so important."

Ms Wylie went on to outline the importance of attracting new investment, alongside what is already happening across the city.

hss

She continued: "As momentum continues to build in Belfast, this creates more and more interest in investment, resulting in more and more private and public sector led schemes across the city.

"Alongside the planned Belfast Waterside scheme in the East Bank area, previously home to Howden Sirocco, Belfast Harbour Estate has been investing in offices and a hotel in City Quay. Meanwhile, there are exciting proposals for an environmental, film and leisure-led commercial development at Giant's Park, North Foreshore and a further phase of regeneration in Titanic Quarter.

"Added to that, Belfast will also benefit from significant investment in many other major regeneration schemes like the Weavers Cross Transport Hub, Ulster University's impressive new Belfast campus, and a range of Grade A office schemes – including Merchant Square, The Mercantile, the development of the Ewart Building on Bedford Street and the new building for Kainos on the Dublin Road.

"We have also seen managed student accommodation being built across the city along with new hotels and there is considerable interest in new managed apartment schemes."

A delegation of around 100 local business leaders recently attended the world's largest property conference, MIPIM 2019. For the fourth consecutive year, 'Team Belfast' showcased many of these schemes and highlighted Belfast and the surrounding region as an outstanding destination of choice for tourism, education, business and living – all resulting in demand for real estate investment. The delegation also emphasised the tremendous opportunities that the City Deal investment of £850m will create.

Jackie Henry, Chair of the private sector led Belfast MIPIM Taskforce, said: "This year we took our largest delegation to MIPIM, with 40 public and private sector organisations represented – including the six partner Belfast Region City Deal councils, Queen's University and Ulster University. That the vast majority of the MIPIM 2019 campaign was, once again, funded by private sector sponsorship really speaks volumes.

"Over three days, the delegation delivered a busy programme of informative events, showcasing Belfast as the place to invest right now to an audience of over 28,000 investors, developers and occupiers.

"It's more important than ever that, together, we get out and market Belfast and the surrounding region internationally," she continued. "MIPIM is a hugely important platform for attracting and securing international real estate investment.

"Investment in real estate not only delivers jobs and economic prosperity; it's essential to our ability to attract international businesses to our city and region, whilst supporting our indigenous businesses to grow and flourish."

Latest Construction News

23/08/2019

Leeds is set to become the latest location to be home to a Government Hub developed by Legal & General. The financial services group has purchased the Wellington Place hub scheme in the centre of Leeds and will forward fund the development. This represents the company's 10th Government Hub. Funde
23/08/2019

Interserve's specialist fit-out business, Paragon has secured heaps of praise for its work on three Ministry of Justice properties in London. The company successfully refurbished the properties at Petty France, Albany House and Clive House in Westminster which houses thousands of staff working in
23/08/2019

Leading UK multi-functional contractor VolkerLaser has strengthened its team with a new operations director. Experienced construction professional Andy Gibbons takes on the role following stints at McAlpine, Birse, and EDF, as well as VolkerFitzpatrick. He has worked on a number of high profile pr
23/08/2019

The Procurement Hub has named McLaren as its latest prequalified contractor. This appointment forms part of McLaren's ongoing programme to build on its presence in the public sector market, including the registered provider market. McLaren's place on the Development Contractor dynamic purchasing
23/08/2019

Developer Sladen Estates has completed two new industrial and distribution units in Doncaster. The firm brought more than 270,000 sq ft space to Nimbus Park in Thorne, consisting of two buildings of 164,366 sq ft and 106,502 sq ft. The developments have been constructed and finished to a high st
23/08/2019

Construction firm nmcn has agreed a deal with South Staffs Water to deliver a long-term plan for its customers. The contractor, formerly known as North Midland Construction, secured the design and build framework to upgrade major water treatment works for the supply company. This will involve ext
23/08/2019

National contractor Winvic has looked to inspire the next generation of women in construction during a recent site visit in Staffordshire. Pupils and staff from The Polesworth School visited the Plot 5, Tamworth East site where the construction team is building a 385,000 sq ft industrial warehouse
23/08/2019

Ace Services is one of those companies that everyone should know about but perhaps too few do! Did you know that it's possible to entirely resurface kitchen cupboards, sinks and showers, so that they look brand new? And before you think that the surfaces won't last - that they'll peel off under dure
22/08/2019

Ambitious plans to redevelop Anfield are now under active consideration, Liverpool Football Club have confirmed. The club have reaffirmed its commitment to the Anfield Road stand project in a statement. Liverpool FC chief operating officer Andy Hughes said: "The progress that has been made durin
22/08/2019

The Royal Society for the Prevention of Accidents (RoSPA) has held its annual awards ceremony recognising organisations' commitment to continuous improvement in accident and ill-health prevention at work. Mace enjoyed huge success at the event, taking home 10 awards across all its business units,
Auswood JoineryRedwood Collections Ltdlicata+greutolR P L ConstructionElegant VenetianCounty Flat Roofing LimitedFlood Expo 2019Speedifix ToplineRobust (UK) LtdHassett Industries Ltd
Terms and Conditions