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02/02/2017

Largest-ever NI office scheme unveiled for Belfast

Words: Roger Milne
Office / Shutterstock_174876011

Controversial proposals for the largest single office project in Northern Ireland are set to go on public display next week (6 and 7 February) in Belfast.

The £65 million development – known as One Bankmore Square – is earmarked for the Movie House cinema site on Dublin Road in the city centre.

The proposed demolition of the cinema has already caused a furore, triggering a campaign and petition calling for the facility to be saved.

Developer Richland Group has drawn up plans for a 12-storey development providing 23,690 square metres of grade A office accommodation as well as ground floor café, retail and leisure units.

The proposal also includes the wider transformation of Bankmore Square into a public open space, with the potential for an outdoor cinema and public art exhibitions.

Meanwhile, in a separate but related move, Belfast’s Cathedral Quarter is set for further redevelopment after Lacuna Developments and Watkin Jones announced their joint venture was prepared to make an investment of £85 million in the area after acquiring an office block on Academy Street and Exchange Street.

The site is behind the Ulster University Belfast campus.

Earlier this week, a report from Deloitte Real Estate highlighted that construction of major new developments in Belfast is at its highest level in almost a decade.

Image credit | Shuttershock

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