Full speed ahead for Titanic Belfast and its bankers
Ulster Bank has announced the renewal of a £92m financing deal with the group behind Titanic Belfast, which could help fund further development of the site.
The bank said Titanic Group would continue its relationship with the bank until December 2016, after beginning a commercial relationship in 2007.
Development of the 185-acre site began in 2007. Since then the companies involved – led by Pat Doherty, also chairman of Harcourt Developments in Dublin – developed the ARC apartments, the Belfast Met campus, the new premises of the Public Records Office, a hotel, Titanic Film Studios and Titanic Belfast.
Ellvena Graham, Ulster Bank's Northern Ireland head, said: "Ulster Bank is delighted to be able to extend our relationship with Titanic Group as lead funder to this major development project.
"Titanic Quarter is now attracting global interest and we are very pleased to be a key strategic partner in its ongoing success."
David Gavaghan of Titanic Quarter added: "This agreement provides the platform to develop further Titanic Quarter and we appreciate the consistent and strong support we have received from Ulster Bank."