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11/05/2015
Hastings Hotels Group Buys Windsor House
The Hastings Hotels Group has bought Ireland's tallest commercial building, Windsor House, for a reported £6.5 million.
The group already owns the Europa Hotel, Culloden Estate and Spa and the Slieve Donard.
The building is 80m tall and covers approximately 122,557 sq ft set over 23 floors.
Gavin Elliott of CBRE said: "Windsor House was been traded a number of times over the last ten years with each landlord having proposed a variety of schemes for redevelopment. It has, however, only recently been viable for a full redevelopment to take place as the building nears complete vacancy.
"This purchase presents a huge opportunity for Belfast in particular with strong demand for hotel and leisure space in the city centre.
"Windsor House offers a large amount of accommodation in a core location, which is well positioned to take full advantage of this urgent surge in demand within the hotel and leisure sector."
(CD)
The group already owns the Europa Hotel, Culloden Estate and Spa and the Slieve Donard.
The building is 80m tall and covers approximately 122,557 sq ft set over 23 floors.
Gavin Elliott of CBRE said: "Windsor House was been traded a number of times over the last ten years with each landlord having proposed a variety of schemes for redevelopment. It has, however, only recently been viable for a full redevelopment to take place as the building nears complete vacancy.
"This purchase presents a huge opportunity for Belfast in particular with strong demand for hotel and leisure space in the city centre.
"Windsor House offers a large amount of accommodation in a core location, which is well positioned to take full advantage of this urgent surge in demand within the hotel and leisure sector."
(CD)
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