Belfast Telegraph

New Linen Quarter offices available after major refurbishment

Commercial Property

By Margaret Canning

New Grade A offices are now available to let in Belfast's Adelaide Street after a major refurbishment.

The Linen Loft is a red brick former warehouse in the so-called 'Linen Quarter' dating back to 1905.

It's been overhauled and redeveloped so that each of its six storeys includes a terrace for use by future tenants.

The setting at 27 to 37 Adelaide Street is described as "modern Grade A office space whilst retaining an element of the original character of the property".

The offices are being marketed by CBRE and OKT as joint letting agents.

David Wright, director of CBRE, said: "Linen Loft is a very welcome addition to the much-needed supply of Grade A office stock in Belfast.

"The development has been completed to an exceptionally high standard, with assets including under floor air conditioning, bike storage and outdoor terraces on each floor.

"With limited speculative construction of new Grade A office accommodation in the city, refurbishment programmes such as Linen Loft will be extremely important in delivering supply into the market."

New office building in the city has been mainly focused on the waterside development at City Quays, home to law firm Baker & McKenzie among other tenants.

But other offices have - like 27 to 37 Adelaide Street -been refurbished, including the Lincoln Building off Great Victoria Street. It was the former home of Land and Property Services, which moved to Lanyon Place.

The refurbished Lincoln Building has now been let to Axiom, a global firm which carries out legal work for companies.

Meanwhile, around 11 acres of agricultural land at Ballygrainey Road in Holywood have gone on the market and are expected to sell for around £300,000.

The land, on sale through estate agents Lisney, is described as convenient to Belfast, Holywood and Bangor, and close to the Ulster Folk and Transport Museum.

David McNellis, a director at Lisney, said: "Farmland is sought after in this prosperous area of North Down but this opportunity has the added benefit of being situated adjacent to the development limit. "There is a selection of large detached residential properties in the vicinity and the Ulster Folk and Transport Museum is next door."

Meanwhile, an office suite on Belmont Road in east Belfast is now available to let. Lambert Smith Hampton is seeking a tenant for the 445 sq ft office, which comes with its own parking. And on Donegall Square West, Danske Bank is letting out its second floor after leasing its third floor to accountancy firm Grant Thornton.

Belfast Telegraph

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