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Citigroup in market for Belfast HQ as it looks to consolidate offices

By John Mulgrew

Published 08/06/2016

The business is currently spread across four sites here, including its base at the Gateway Offices in the Titanic Quarter
The business is currently spread across four sites here, including its base at the Gateway Offices in the Titanic Quarter

Financial services company Citigroup could be eyeing up a major new office in Belfast, it has been claimed.

The business is currently spread across four sites here, including its base at the Gateway Offices in the Titanic Quarter.

But according to reports from CoStar News, the US financial services company is looking at new options for its Northern Ireland-based operations.

That could include the consolidation of its four offices, which may mean the business searching for a new building with 250,000 sq ft of space.

Citi employs more than 1,500 staff at its office in the Titanic Quarter. In 2014, it announced it was creating 600 jobs here as part of a £54m investment.

Just last week, during a Brexit debate at Citi, there were warnings that Belfast stood to lose “the ability to be part of the attractiveness of an international financial centre” if the UK voted to leave the EU.

Nicky Edwards, director of policy and public affairs for TheCityUK, explained: “We very much see the city as a hub that attracts investment from around the world.

“That investment might land in London, but it then spreads to the whole of the UK.”

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