Belfast Telegraph

Pharmacy firm on the move into Belfast's city centre

By Margaret Canning

A pharmacy support company has moved to new offices in Belfast city centre.

Global firm Genpact Pharmalink is now leasing 8,500 sq ft in Adelaide Exchange, where neighbours include Belfast City Council and Liberty IT.

Pharmalink, which employs around 30 people here, advises pharmacy and medical companies on regulatory matters and has relocated from The Boat.

Richard McCaig, an associate director at Osborne King, which negotiated the 10-year letting, said the development provided "excellent Grade A office accommodation" and was one of the city centre's best.

"The quality of the space combined with the current high levels of demand has allowed the landlord to secure an excellent rent at £17 per sq ft."

He said the start of 2016 had seen "strong" activity in the office market.

Office rents in Belfast have been increasing to around £17.50 per sq ft.

Earlier this year it emerged that IT firm Allstate would be occupying 9 Lanyon Place until 2018 - at a rate of £20 per sq ft.

Belfast Telegraph