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Northern Ireland Dealmakers Awards 2021 – final two winners announced

Northern Ireland Dealmakers Awards 2021 – final two winners announced
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£20m boost: Loan for new Belfast office block

A grade A 11-storey office development in Belfast city centre with room for 2,000 people has won £20m in loan funding.
The Paper Exchange, which is being developed by Co Down property company Wirefox, is receiving the money from the NI Investment Fund.
The 200,000 sq ft block should be ready by the end of 2022. It will cost £45m to build and have a £70m market value when finished. But the project is advancing at a time when many offices are underused after companies adopted working from home during lockdown.
However, Savills director Gareth Howell, whose agency will market the building to potential occupants with Colliers, said: Even allowing for remote or hybrid working into the future, demand for the very best professional accommodation in the right location is still required to meet demand in this area. ....

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