A SURREY-based development firm has said it will now inject £30 million into a major construction project in Belfast’s Linen Quarter.
Domus UK has already announced a £10m project to redevelop buildings on Linenhall Street and Clarence Street, located between the Ulster Hall and the BBC.
The company has signalled its intention to develop more of the block fronting onto Bedford Street.
Located directly opposite the Invest NI headquarters, the developer’s plans include the building currently used by Deanes Deli, owned by well-known Michelin star chef Michael Deane.
In all, the company said its extended mixed-use application, which will comprise a grade A office building, represents an investment in the region of £30m. The application is due to be presented to Belfast City Council in early 2020.
Domus UK is owned by New York based multi-billion dollar fund NCH Capital.
It said it has taken the decision to expand the original project followed positive feedback it said it received during the community consultation process on the initial venture.
Ian Layford, investment director for Domus UK Ltd said: “During the recent pre-application consultation for our redevelopment of Clarence St and Linenhall St there was great encouragement for further regeneration of the Linen Quarter.
“In addition to redeveloping under-utilised space such as the car park at the intersection of Clarence St and Linenhall St, our latest plans will also seek to revive a selection of existing buildings on Bedford St to offer much-needed, high quality offices.
“Our new, larger proposals will increase our investment in the area, and is testament to our confidence in Belfast’s position as an attractive trade, employment and leisure destination.”
Subject to planning approval, Domus UK has said its redevelopment project will begin in winter 2020.
