Financial planning giant 1825 is taking on the former News Letter newspaper offices in the heart of Belfast city centre, Ulster Business can reveal.
The company, which is part of the Standard Life Aberdeen Group, is taking on the ground floor site at The Metro Building – which is around 5,000 sq ft – for around 50 staff, with fit-out on the property under way.
The building, located at Donegall Square South behind City Hall, was formerly the home of the News Letter’s Belfast offices. The company has since moved to Glandore’s flexible office development at Arthur House in the city.
The Metro Building sold for well over its £21m asking price in September 2018. Elsewhere, Frank Boyd’s Killultagh Estates is currently developing a new nine-storey city centre office building, close by.
Speaking last year after the development was given planning approval, Laura McCarthy, senior asset manager at Killultagh Estates, said: “We are already in discussions with a number of potential occupiers and we are aiming for full construction to commence in early June.”
There is also around 10,000 sq ft available on the ground and lower ground floors which would be suitable for restaurant and leisure space.
The Mercantile will occupy the prominent site at 5 Donegall Square South in Belfast city centre, which was formerly the General Accident Building.