Belfast Telegraph

Belfast waterfront site ripe for development

Commercial Property

By Margaret Canning

The Department for Communities (DfC) has taken the first steps towards putting a major waterfront site in Belfast on the market.

The department is today advertising for 'expressions of interest' in Queen's Quay, a three-acre site around 10 minutes drive from Belfast City Airport.

DfC has put the site on sale through Lambert Smith Hampton.

The commercial property agency said the site had a "prominent waterfront position" close to landmark developments such as the SSE Arena, Titanic Quarter and the Obel Tower.

But there are no indications of a potential asking price for the site.

A spokeswoman for the DfC said February 24 is the deadline for expressions of interest.

She confirmed that the site is in the department's ownership.

"The department issued an 'expressions of interest' brief in December 2016 for the site," she said.

"This exercise is to inform the market that there is a development opportunity for Queen's Quay and to establish the level of interest in the site including ideas for its future development."

She said the department will consider whether to issue a development brief for the site once responses have been received.

The spokeswoman added: "The department would only consider disposal of the site once a development partner has been chosen and the site has been fully developed."

At a meeting in November, Belfast City Council's growth and regeneration committee said the DfC had a "high-level masterplan for this area, which they will seek to pursue in due course".

It's the latest move towards disposal of a key site by the department.

Last month, it put a Bangor seafront site at Queen's Parade and Marine Gardens on the market for an undisclosed sum in a move to attract some interest from developers.

At the time, Communities Minister Paul Givan said: "The regeneration of Queen's Parade offers an exceptional opportunity to regenerate Bangor town centre by creating a new mixed retail, office, leisure and residential development."

Queen's Parade has been owned by the department since 2012.

Belfast Telegraph

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