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

24/05/2019

A new 3D mapping system developed by a team working on HS2 has secured a prestigious accolade. The solution, which was developed by a Skanska, Costain and STRABAG joint venture, won the 'Map Creator' award at Esri UK's annual event. Described as 'ground-breaking', the solution is one of the first
24/05/2019

Plans have been approved for a new £40 million bypass in Hertfordshire, cutting weekly journey times by nearly an hour. The Little Hadham Bypass garnered support from the Department for Transport, who will fund the majority of the project with £27.4m. The road, which will go along the A120 betwe
24/05/2019

The ongoing build-to-rent development at Wembley Park is continuing to take shape as developer Quintain awards another construction project. John Sisk & Son has been appointed to deliver its tenth scheme, which will see 458 new homes built over three blocks on plot E05. The contract will see the
24/05/2019

The UK's construction industry leaders have been urged to prepare for new measures to be introduced later this year which look to improve construction payment times. The new rules could prevent large companies from getting major government contracts if they do not pay 95 per cent of their invoices
24/05/2019

Wates Construction has strengthened its business in North Wales after securing a place on a new £500 million framework. The North Wales Construction Partnership framework will facilitate the construction of new schools and public sector projects across the region. The four-year framework places c
24/05/2019

Balfour Beatty's Multicultural Affinity Network has been recognised as the firm grabbed the 2019 'Inspiring Change in the Workplace' award. The Multicultural Affinity Network aims to ensure the business understands cultural experiences and provides an open platform for employees to bring their own
24/05/2019

Sika has strengthened its Refurbishment division with a new senior appointment. Ben Piercy joins the company as a new Area Technical Manager covering the North of England. In his new role, Ben will work with engineers and specifiers to propose the best solution for the repair and protection of d
24/05/2019

Chester-Le-Street based building firm Radford Construction Services Ltd has scooped not one, but two prestigious Master Builder Awards, taking home the prize for best Commercial Project while Andrew Radford, owner of the company, has been named Heavenly Builder in the Federation of Master Builders'
24/05/2019

Tapco has introduced its new authentically shaped slating solution - TapcoSlate Classic. The product is an ideal choice for a number of projects including modular builds and outdoor work. Re-Roof Your most valued asset deserves the best, premium, long-lasting roofing product to protect it
24/05/2019

Leading UK roofing firm All Slates looks at the potential risks trees can have on your properties. Having a tree just outside of your home can be wonderful, providing it is not causing damage to your roof. Opening your curtains each morning to the sight of a tree in your front or back garden is a
Robust (UK) LtdAuswood JoineryR P L Constructionlicata+greutolElegant VenetianRedwood Collections LtdEnvironmental Street FurnitureCanopy Products LtdCastle Scaffolding Northern LtdBristol Forklifts Ltd
Terms and Conditions