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Revamp of Boots' upstairs into Grade 'A' offices presses ahead

The transformation of the upper floors of retailer Boots in Belfast city centre into high-end office space has begun.
Developer Bywater Properties and joint venture partner Ashmour are carrying out the redevelopment - though Boots retail operations on the ground and first floor are unaffected.
The scheme is the latest big office project to take a step forward despite the Covid-19 pandemic leading led to declining use of office space - for the short-term, at least.
The completed project will be called 35DP and will have nearly 30,000 sq ft of modern offices. It will also add a coffee kiosk next to the main office entrance on Donegall Place, as well as a shop facing on to Fountain Street. ....

United Kingdom , Gareth Howell , Mark Gibson , Neil Mcshane , Ashley Stewart , Paper Exchange , Co Down , Donegall Place , Director Gareth Howell , Chichester Street , ஒன்றுபட்டது கிஂக்டம் , கரேத் ஹோவெல் , குறி கிப்சன் , நீல் மக்ஶேந் , ஆஷ்லே ஸ்டீவர்ட் , காகிதம் பரிமாற்றம் , இணை கீழ் , இயக்குனர் கரேத் ஹோவெல் , சிச்செஸ்டர் தெரு ,

Major Belfast office scheme 'on track for 2022'

Storm Rannard
A project to create a transformative 200,000 sq ft grade A office development in Belfast city centre - which could accommodate up to 2,000 employees - is on track for delivery towards the end of 2022.
Wirefox, which is leading The Paper Exchange project at 43-63 Chichester Street, said the plans had been boosted by a £20m loan facility by the Northern Ireland Investment Fund.
The development has an anticipated market value of more than £70m. Heron Bros Ltd has been awarded the contract to complete the landmark 11-storey development, securing jobs for 100 employees during the entire build phase.
Joanne McBurney, development director at Wirefox, said: On track and firmly secured, we’re delighted to reiterate and guarantee full delivery of The Paper Exchange in 2022, which secures unrivalled first-class professional accommodation for the city and Northern Ireland. ....

United Kingdom , Northern Ireland , Joanne Mcburney , Paper Exchange , Northern Ireland Investment Fund , Heron Bros Ltd , Major Belfast , Northern Ireland Investment , Bros Ltd , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , காகிதம் பரிமாற்றம் , வடக்கு ஐயர்ல்யாஂட் முதலீடு நிதி , ஹெரான் சகோ லிமிடெட் , முக்கிய பெல்ஃபாஸ்ட் , வடக்கு ஐயர்ல்யாஂட் முதலீடு , சகோ லிமிடெட் ,

£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. ....

United Kingdom , Gareth Howell , Ni Investment Fund , Paper Exchange , Co Down , Heron Bros , Gloucester House , Todd Architects Designed , ஒன்றுபட்டது கிஂக்டம் , கரேத் ஹோவெல் , நி முதலீடு நிதி , காகிதம் பரிமாற்றம் , இணை கீழ் , ஹெரான் சகோ , க்லாஸ்டர் வீடு , டாட் கட்டடக் கலைஞர்கள் வடிவமைக்கப்பட்டுள்ளது ,

Speculative Belfast office project given £20m from Executive-backed loan scheme to plug void created by pandemic

ONE of the largest speculative office developments under construction in Belfast has received £20 million from an Executive backed loan scheme.
Co Down investment firm Wirefox is behind the £45m Paper Exchange project on Chichester Street in the city centre.
Set to be completed by the end of 2022, the 200,000 sq ft building will be capable of accommodating up to 2,000 workers.
Derry construction firm Heron Bros is constructing the 11-storey building, which Wirefox expects will have a market value of around £70m.
Wirefox said yesterday that the project remains on target following the commitment of a £20m loan facility from the Northern Ireland Investment Fund (NIIF). ....

United Kingdom , Northern Ireland , Conor Murphy , Paper Exchange , Co Down , Northern Ireland Investment Fund , Chichester Street , Heron Bros , Financial Transactions Capital , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , கோனார் மர்பி , காகிதம் பரிமாற்றம் , இணை கீழ் , வடக்கு ஐயர்ல்யாஂட் முதலீடு நிதி , சிச்செஸ்டர் தெரு , ஹெரான் சகோ , நிதி பரிவர்த்தனைகள் மூலதனம் ,