The Department for Social Development has granted £1.3m towards the £4.6m refurbishment and restoration of the former Murray’s Tobacco factory in Belfast.
This investment boost to the Sandy Row area will transform and significantly improve the area with considerable benefits for local people.
The new development will provide 2,512 sq metres of commercial floor space, potential for up to 150 full-time employment opportunities and 150 metres of improved street frontage.
Minister Nelson McCausland said: “This is great news for the people of the Sandy Row area. I am pleased that my department has been able to provide the much needed financial support towards this high-profile development.
“For many years this part of the city has suffered from a lack of investment and regeneration. This refurbishment is changing that. It is changing it for the better.”
The £4.6m scheme, by local developer Mayville Ltd, will bring private sector investment to Sandy Row.
Commenting on the investment potential, Mr McCausland said: “This is an excellent example of Government and the private sector working together to bring about the physical regeneration of the Sandy Row area of Belfast.”