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Belfast's Obel complex gets £2m facelift

By Margaret Canning

Published 26/01/2016

The Obel property complex
The Obel property complex

Belfast's Obel property complex - Northern Ireland’s tallest building - is to receive a £2m makeover from its US owners.

Commercial property agent Lisney said it would oversee the refurbishments as asset manager of the property.

And following the investment, owners Marathon Asset Management are set to put a number of apartments in the high-rise development on the market.  

Lisney said they are engaging with suppliers and contractors to carry out the work. It’s expected to be finished before the end of this year.

Lisney managing director Declan Flynn said: “The Obel building helped reshape the Belfast skyline when it was first launched and the forthcoming refurbishment works will help the complex fulfil its full potential, becoming the pinnacle of city centre living for Belfast’s young professionals.

“As the appointed asset manager for the project, we are already seeing very clear signs of the appetite which exists for living units at what is set to become one of the city’s most iconic buildings.”

The 27-storey complex has over 200 luxury apartments and 52,462 sq ft of grade A office accommodation. International law firm Allen & Overy is based in the offices.

The Obel was first launched in 2005 when dozens of apartments were sold off-plan. The building was finished in 2011.

Belfast Telegraph

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