Belfast Telegraph

US tech firm Metaswitch setting up in city latest in series of property deals

By John Mulgrew

An American technology company is setting up its new base in Belfast city centre after announcing almost 100 new jobs for Northern Ireland.

Communications software business Metaswitch announced in September last year that it was creating 94 new jobs.

The firm is taking on 5,500 sq ft at Flax House at Adelaide Street in the city for its new headquarters.

New statistics also show there were 19 major office lettings in the third quarter of the year, taking up more than 91,000 sq ft of space.

Other deals that completed include UTV, which is taking on 11,500 sq ft at City Quays 2.

And Newry financial software giant First Derivatives is to become the anchor tenant at the newly refurbished Weaving Works.

Later this year financial services firm Tullett Prebon is expected to sign for 33,000 sq ft of office space for around 300 of its workers at City Quays. The move was first revealed by the Belfast Telegraph in February.

Simon McEvoy, director with Savills in Belfast, said that "despite a slow start to 2017, office demand and take-up remains healthy" following the vote for Brexit.

"However there are a finite number of options for occupiers of all sizes starting their office search," he added.

"The positivity on the demand side needs now to be translated onto the supply side with the delivery of new developments to meet current and future demand."

There are a number of deals going through the various stages that could help drive office lettings to a five-year high.

Metaswitch is creating almost 100 jobs over the next three years.

The average salary will be £27,500, with a range of opportunities in information and communications technology as well as research and development.

Meanwhile, a US cyber-security firm is taking office space at State Buildings on Arthur Street after revealing it will create around 120 jobs here.

Californian company Anomali provides cyber-security solutions to help global organisations identify and respond to security threats.

Belfast Telegraph

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