Menu
18/04/2019
Belfast On Track To Double £1bn Investment Target
Belfast is on track to double its £1 billion investment target, according to Belfast City Council.
A cash injection of around £2 billion for regeneration and commercial property development is either complete, on site or in planning. It comes three years after the initial target was set.
Speaking at an 'MIPIM 2019 Wrap Up' event on Tuesday 16 April at the Belfast Harbour Commissioners' Office, Suzanne Wylie, Chief Executive of Belfast City Council said: "This £2billion investment figure bears testament to all that our city has to offer. Since the Millennium, we've been saying that Belfast is a city on the rise and, today, it's clear to see how far we've progressed and how much regeneration is still taking place. Just look at the number of cranes on the skyline again.
"This volume of regeneration is thanks to strong collaboration between the private and public sectors. And if we want to continue securing investment in Belfast, it's imperative that we work together to market our compelling proposition, and that we have the industry and technical knowledge to back it up- which is why initiatives like MIPIM are so important."
Ms Wylie went on to outline the importance of attracting new investment, alongside what is already happening across the city. "As momentum continues to build in Belfast, this creates more and more interest in investment, resulting in more and more private and public sector led schemes across the city," she said.
"Alongside the planned Belfast Waterside scheme in the East Bank area, previously home to Howden Sirocco, Belfast Harbour Estate has been investing in offices and a hotel in City Quay. Meanwhile, there are exciting proposals for an environmental, film and leisure-led commercial development at Giant's Park, North Foreshore and a further phase of regeneration in Titanic Quarter.
"Added to that, Belfast will also benefit from significant investment in many other major regeneration schemes like the Weavers Cross Transport Hub, Ulster University's impressive new Belfast campus, and a range of Grade A office schemes- including Merchant Square, The Mercantile, the development of the Ewart Building on Bedford Street and the new building for Kainos on the Dublin Road.
"We have also seen managed student accommodation being built across the city along with new hotels and there is considerable interest in new managed apartment schemes."
A delegation of around 100 local business leaders recently attended the world's largest property conference, MIPIM 2019. For the fourth consecutive year, 'Team Belfast' showcased many of these schemes and highlighted Belfast and the surrounding region as an outstanding destination of choice for tourism, education, business and living- all resulting in demand for real estate investment. The delegation also emphasised the tremendous opportunities that the City Deal investment of £850m will create.
Jackie Henry, Chair of the private sector led Belfast MIPIM Taskforce, said: "This year we took our largest delegation to MIPIM, with 40 public and private sector organisations represented- including the six partner Belfast Region City Deal councils, Queen's University and Ulster University. That the vast majority of the MIPIM 2019 campaign was, once again, funded by private sector sponsorship really speaks volumes.
"Over three days, the delegation delivered a busy programme of informative events, showcasing Belfast as the place to invest right now to an audience of over 28,000 investors, developers and occupiers.
"It's more important than ever that, together, we get out and market Belfast and the surrounding region internationally," she continued. "MIPIM is a hugely important platform for attracting and securing international real estate investment.
"Investment in real estate not only delivers jobs and economic prosperity; it's essential to our ability to attract international businesses to our city and region, whilst supporting our indigenous businesses to grow and flourish."
(JG)
A cash injection of around £2 billion for regeneration and commercial property development is either complete, on site or in planning. It comes three years after the initial target was set.
Speaking at an 'MIPIM 2019 Wrap Up' event on Tuesday 16 April at the Belfast Harbour Commissioners' Office, Suzanne Wylie, Chief Executive of Belfast City Council said: "This £2billion investment figure bears testament to all that our city has to offer. Since the Millennium, we've been saying that Belfast is a city on the rise and, today, it's clear to see how far we've progressed and how much regeneration is still taking place. Just look at the number of cranes on the skyline again.
"This volume of regeneration is thanks to strong collaboration between the private and public sectors. And if we want to continue securing investment in Belfast, it's imperative that we work together to market our compelling proposition, and that we have the industry and technical knowledge to back it up- which is why initiatives like MIPIM are so important."
Ms Wylie went on to outline the importance of attracting new investment, alongside what is already happening across the city. "As momentum continues to build in Belfast, this creates more and more interest in investment, resulting in more and more private and public sector led schemes across the city," she said.
"Alongside the planned Belfast Waterside scheme in the East Bank area, previously home to Howden Sirocco, Belfast Harbour Estate has been investing in offices and a hotel in City Quay. Meanwhile, there are exciting proposals for an environmental, film and leisure-led commercial development at Giant's Park, North Foreshore and a further phase of regeneration in Titanic Quarter.
"Added to that, Belfast will also benefit from significant investment in many other major regeneration schemes like the Weavers Cross Transport Hub, Ulster University's impressive new Belfast campus, and a range of Grade A office schemes- including Merchant Square, The Mercantile, the development of the Ewart Building on Bedford Street and the new building for Kainos on the Dublin Road.
"We have also seen managed student accommodation being built across the city along with new hotels and there is considerable interest in new managed apartment schemes."
A delegation of around 100 local business leaders recently attended the world's largest property conference, MIPIM 2019. For the fourth consecutive year, 'Team Belfast' showcased many of these schemes and highlighted Belfast and the surrounding region as an outstanding destination of choice for tourism, education, business and living- all resulting in demand for real estate investment. The delegation also emphasised the tremendous opportunities that the City Deal investment of £850m will create.
Jackie Henry, Chair of the private sector led Belfast MIPIM Taskforce, said: "This year we took our largest delegation to MIPIM, with 40 public and private sector organisations represented- including the six partner Belfast Region City Deal councils, Queen's University and Ulster University. That the vast majority of the MIPIM 2019 campaign was, once again, funded by private sector sponsorship really speaks volumes.
"Over three days, the delegation delivered a busy programme of informative events, showcasing Belfast as the place to invest right now to an audience of over 28,000 investors, developers and occupiers.
"It's more important than ever that, together, we get out and market Belfast and the surrounding region internationally," she continued. "MIPIM is a hugely important platform for attracting and securing international real estate investment.
"Investment in real estate not only delivers jobs and economic prosperity; it's essential to our ability to attract international businesses to our city and region, whilst supporting our indigenous businesses to grow and flourish."
(JG)
Related Northern Ireland News Stories
Click here for the latest headlines.
19 September 2018
Primark Donates £500,000 To Support Businesses Affected By Fire
Retailer Primark is donating £500,000 to Belfast City Council's City Recovery Investment Fund. The fund is being set up after a number of businesses have been severely affected by the fire at the Bank Buildings which happened over three weeks ago. A cordon remains in place and 14 firms have been closed for up to four months.
Primark Donates £500,000 To Support Businesses Affected By Fire
Retailer Primark is donating £500,000 to Belfast City Council's City Recovery Investment Fund. The fund is being set up after a number of businesses have been severely affected by the fire at the Bank Buildings which happened over three weeks ago. A cordon remains in place and 14 firms have been closed for up to four months.
16 November 2023
New Spaces And Places To Redefine Belfast City Region
A new initiative to drive the development of new spaces and places that sustainably boost employment, improve tourism and cultural infrastructure, deliver homes and support community and neighbourhood regeneration has been announced, with the redefinition of the Belfast City Region.
New Spaces And Places To Redefine Belfast City Region
A new initiative to drive the development of new spaces and places that sustainably boost employment, improve tourism and cultural infrastructure, deliver homes and support community and neighbourhood regeneration has been announced, with the redefinition of the Belfast City Region.
16 March 2017
HMRC To Open Regional Office In Belfast
HM Revenue and Customs (HMRC) have announced that it will open a new regional office in Belfast.
HMRC To Open Regional Office In Belfast
HM Revenue and Customs (HMRC) have announced that it will open a new regional office in Belfast.
21 October 2024
Belfast Named Most Sustainable Visitor Destination In UK And Ireland
Belfast has been recognised as the most sustainable visitor destination in the United Kingdom and Ireland in the 2024 GDS-Index. The city ranked alongside global cities such as Sydney, Singapore, Oslo, and Copenhagen in the Top 10.
Belfast Named Most Sustainable Visitor Destination In UK And Ireland
Belfast has been recognised as the most sustainable visitor destination in the United Kingdom and Ireland in the 2024 GDS-Index. The city ranked alongside global cities such as Sydney, Singapore, Oslo, and Copenhagen in the Top 10.
21 August 2024
'Significant Progress' On Tourism And Regeneration Projects
Belfast City Council has welcomed the "significant progress" being made on transformative tourism and regeneration projects that will attract new tourists to the region who stay longer and spend more.
'Significant Progress' On Tourism And Regeneration Projects
Belfast City Council has welcomed the "significant progress" being made on transformative tourism and regeneration projects that will attract new tourists to the region who stay longer and spend more.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
