Belfast Telegraph

Mystery buyer snaps up Sirocco Quays just days after going on market

By John Mulgrew

The historic Sirocco Quays site in east Belfast has been bought by a mystery buyer just days after it was put up for sale.

An advertising billboard erected by real estate agency Colliers earlier this week has been updated to reflect the purchase.

It is not yet known who has taken over the 16-acre site. Colliers did not respond when contacted by the Belfast Telegraph.

At one stage, the quays were to be transformed as part of a £600m investment. But the sprawling industrial area has been sitting largely disused for years after the company that was due to develop it went under.

The site was previously in the hands of vulture-fund Cerberus.

Last week, Belfast City Council's City and Regeneration Committee held a behind-closed-doors meeting on how Sirocco Quays could be developed in future.

Sinn Fein's Mairtin O Muilleoir said it was crucial the area was redeveloped "rather than sitting derelict".

"We want it to be a symbol of the future of the city," the MLA added.

"And people of this city should be partners in this and have some say in this site."

Previous plans for the waterside development included 5,000 apartments, a hotel, an international convention centre, a supermarket and leisure facilities.

Former owners Carvill Group, a company that made its name in construction as well as housebuilding, went into administration in 2011.

Belfast Telegraph