13/01/2021
Construction already under way and funding firmly secured to deliver landmark 200,000 sq. ft in Belfast city centre
Plans to create a transformative 200,000 sq. ft Grade A professional office development in Belfast city centre that will accommodate up to 2,000 employees are firmly on track for delivery towards the end of 2022, it was confirmed today.
In a major confidence boost for Belfast and for local jobs, Wirefox, the urban investment company spearheading the scheme, said the project remained on target following commitment of a £20m loan facility by the Northern Ireland Investment Fund to fully ensure its completion and market delivery.
With an anticipated market value of more than £70m, construction work on The Paper Exchange, which is located at 43-63 Chichester Street – just steps from Belfast City Hall – got under way earlier this year and will continue until the scheme is ready for occupation in just two years’ time.
Leading local construction firm Heron Bros Ltd was awarded the contract to complete the landmark 11-storey development, securing jobs for 100 employees during the entire build phase.
Designed by TODD Architects, The Paper Exchange will pioneer and deliver a suite of new technical, environmental and sustainable standards for professional office developments in Belfast, guaranteeing best-in-class spacious and flexible accommodation for a new generation. Prioritising safety and wellbeing, it promises a significant city centre asset that will help shape the city’s positive international profile and future economic performance.