Wirefox acquires prime Belfast city centre office building

Leading investment firm Wirefox confirms acquisition of ‘35DP’ ahead of The Paper Exchange launch in early 2023

Leading investment and development company Wirefox has acquired 35-47 Donegall Place in Belfast city centre for an undisclosed sum.

The former bank building, known as 35DP, is a prominent five-story retail and Grade A office space, encompassing 80,000 sq ft, which fronts on to both Donegall Place and Fountain Street, and is located just seconds from Belfast City Hall.

Consisting of three retail units on the ground floor, including flagship store Boots which has occupied the building for 55 years, and four upper floors of distinctive, flexible and modern air-conditioned office accommodation, the property recently benefited from an extensive repositioning and refurbishment by GRAHAM Interior Fit-Out ahead of its sale.

Main tenant Boots signed a new 10-year lease for the building in 2020.

Wirefox said its ownership of 35DP will complement its new state-of-the-art Grade A professional office development known as The Paper Exchange on nearby Chichester Street.

Work started on the landmark 11-story 200,000 sq. ft building, which has been designed by Wirefox and TODD Architects, in February 2020 and is due to be completed early in the New Year. Around 150,000 sq. ft of the mixed-use scheme is office accommodation.

Both 35DP and The Paper Exchange are being marketed for lease by Savills and Colliers International in Belfast.