Belfast Telegraph

PwC agrees to take all of new office space in record Northern Ireland deal

From left: Belfast City Council’s Donal Lyons, PwC chairman Kevin Ellis, PwC director Kieragh Nelson, Gareth Graham from Oakwood Holdings, PwC NI chairman Paul Terrington
From left: Belfast City Council’s Donal Lyons, PwC chairman Kevin Ellis, PwC director Kieragh Nelson, Gareth Graham from Oakwood Holdings, PwC NI chairman Paul Terrington

By Staff Reporter

Business advisory firm PwC has announced it will be the sole occupant of Belfast's Merchant Square - Northern Ireland's biggest ever private sector office letting.

PwC had signed up to become anchor tenant of the new offices but has now agreed to let the entire building, at 201,000 sq ft, for 20 years.

Merchant Square is being developed by Oakland Holdings at Wellington Place in a £70m investment.

Oakland director Gareth Graham said: "This announcement of Northern Ireland's largest ever private sector office letting is a massive vote of confidence in the Belfast city centre."

Paul Terrington, chairman of PwC NI, said the company was looking forward to the move.

Its plans to relocate to Merchant Square were first revealed in Business Telegraph.

PwC was represented by commercial property agent Stephen Deyermond, a partner at TDK Property. He said: "TDK is delighted to have conducted this search and concluded the negotiations with Oakland on behalf of PwC. Even at the planning stage it was evident that Merchant Square was going to be a strong contender."

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He added that Merchant Square had become "an obvious choice for PwC".

Belfast Telegraph

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