Financial services projects targeted in first phase of new Belfast development
October 7th: Ahead of the 2013 Northern Ireland investment conference with the Prime Minister David Cameron, Belfast Harbour announced on October 7th that planning approval was granted for an 83,000 sq ft Grade A office development, the first phase of a 20 acre GBP 250 million office scheme to be known as City Quays.

A new five storey building, CQ1 (City Quays 1), will be located on a waterfront site near Belfast Harbour Office, and will cost GBP10m. CQ1 is the largest city-centre Grade A office development to be granted approval in Belfast since 2007.
The proposed CQ1 building

The development is aimed to address an emerging shortage of Grade A prime office space in Belfast city centre.

Roy Adair, Belfast Harbour’s CEO, said:
“CQ1 is the city-ward extension of Clarendon Dock which is already home to a number of significant occupants such as Intel, Capita and Grant Thornton. Belfast Harbour has been working closely with Invest NI to address the gap in Grade A office space in Belfast city centre and CQ1 will be available for a full range of commercial office uses.

“This investment, funded entirely by Belfast Harbour, will meet the needs of emerging demand and we have already been exploring a number of strong leads in sectors such as IT and financial services."

Construction is due to begin this month. It is expected that CQ1 will be ready for occupancy by October 2014.

“CQ1 will be the largest office to be built in Belfast since 2009 and it’s a timely reminder ahead of next week’s investment conference with the Prime Minister that Northern Ireland is serious about securing more inward investors.”

Graeme Johnston, the Harbour’s Property Director said CQ1, designed by Northern Ireland based RPP architects, will complement Titanic Quarter and the Northern Ireland Science Park as part of the wider 2,000-acre Habour Estate.