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Business and investment
In a major move forward to accelerate city centre living and housing regeneration across the city, and following completion of a Competitive Dialogue process, we have selected GRAHAM as our long-term private sector partner to work alongside us to deliver residential-led, mixed-use, sustainable developments across multiple sites.
1. Exchange Street and Corporation Street is adjacent to Lagan Bridge and Dunbar Link.
2. Inner North West South is beside Smithfield Market and behind CastleCourt Shopping Centre.
3. Gloucester Street is just off May Street and can be accessed via the Ormeau Road.
4. Ormeau Cluster is a residential seed site on Ormeau Avenue.
With an overall development potential of c£630m, this initial partnership phase leverages strategic council-owned city centre sites with a development value of £280m, which will deliver mixed tenure homes to help meet the needs of those wishing to live in the city.
This innovative approach will help drive forward city centre living and housing-led regeneration across the city. It follows a period of active engagement with the private sector and investment market through a public procurement process.
Appointing GRAHAM will allow us to bring forward development at scale with placemaking, people and connectivity at its heart to help meet the city’s growth ambitions.
Belfast is fast becoming one of the most attractive cities in the UK and Ireland to live, work, study and invest in, with bold ambitions to become home to an additional 66,000 residents and increase the number of homes in the city by 31,600 by 2035.
The development of over 2 million ft² city centre office space since 2015 has created a vibrant, liveable city centre ecosystem with global occupiers making Belfast their city of choice. The city has seen significant regeneration in recent years, including the new Ulster University campus, multi-million investment in Belfast Grand Central Station and wider Weaver's Cross development. This is an exciting time in Belfast for residential development – and a huge opportunity to increase our city residential population.
Our video explains why it's an exciting time for residential development in Belfast. This video plays for one minute and 46 seconds.
We continue to seek investment for the city centre and projects across Belfast. Between 2020 and 2022, we invested £4.039m Department for Communities capital funding in a variety of projects and programmes across the city. As a result, a range of Belfast businesses and community organisations were able to harness people's renewed interest in spending time outdoors and in walking and cycling.
You’ll find information on the projects delivered in The COVID-19 Recovery Revitalisation Fund evaluation report.
For more information on Regeneration, contact our City Regeneration and Development Team.
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