Menu
03/12/2009
Deadline Set For Royal Exchange Plans
Plans to regenerate Belfast's Royal Exchange area must be outlined by October next year, a development consortium has been told.
NI Social Development Minister Margaret Ritchie laid down the deadline for the £360m project, which has the potential to generate 2,000 construction jobs, today.
She said a planning application must be submitted by 31 October 2010 if works are to proceed.
The scheme is focused on the North Street and Donegall Street area within the city's Cathedral Quarter.
It is believed 1,000 permanent retail and leisure jobs will be created when the development is complete.
Ms Ritchie said the commencement of works would be dependent on economic recovery.
Her department will now begin preliminary plans for the promotion of a statutory development scheme for the site in consultation with Belfast City Council.
"A statutory development scheme would determine the land uses for the proposed site and provide the basis for compulsory acquisition, should this be required in the public interest," said the minister.
The draft development scheme, and accompanying Strategic Environmental Assessment (SEA) and a draft Equality Impact Assessment (EQIA) are expected to be published for public consultation by next autumn.
"Setting out the timetable for submitting the planning application is an important stage in moving forward the next major retail-led regeneration project for Belfast city centre," Ms Ritchie said.
Key features of the development include a department store, retail units, offices, restaurants, cafes, a hotel, 700 car parking spaces and arts/cultural floor space.
Around 200 residential units will also be provided, including 20% for affordable housing.
Royal Exchange Consortium Ltd is made up of Northern Ireland companies William Ewart properties and Snoddon Construction along with ING Real Estate, which is Dutch-owned.
(PR/BMcC)
NI Social Development Minister Margaret Ritchie laid down the deadline for the £360m project, which has the potential to generate 2,000 construction jobs, today.
She said a planning application must be submitted by 31 October 2010 if works are to proceed.
The scheme is focused on the North Street and Donegall Street area within the city's Cathedral Quarter.
It is believed 1,000 permanent retail and leisure jobs will be created when the development is complete.
Ms Ritchie said the commencement of works would be dependent on economic recovery.
Her department will now begin preliminary plans for the promotion of a statutory development scheme for the site in consultation with Belfast City Council.
"A statutory development scheme would determine the land uses for the proposed site and provide the basis for compulsory acquisition, should this be required in the public interest," said the minister.
The draft development scheme, and accompanying Strategic Environmental Assessment (SEA) and a draft Equality Impact Assessment (EQIA) are expected to be published for public consultation by next autumn.
"Setting out the timetable for submitting the planning application is an important stage in moving forward the next major retail-led regeneration project for Belfast city centre," Ms Ritchie said.
Key features of the development include a department store, retail units, offices, restaurants, cafes, a hotel, 700 car parking spaces and arts/cultural floor space.
Around 200 residential units will also be provided, including 20% for affordable housing.
Royal Exchange Consortium Ltd is made up of Northern Ireland companies William Ewart properties and Snoddon Construction along with ING Real Estate, which is Dutch-owned.
(PR/BMcC)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
29 October 2010
Royal Exchange To Boost Belfast North
Fears that the multi-million pound redevelopment of a run-down part of Belfast city centre had been shelved have again been refuted this week with news that a planning application has been submitted. The application came five years after the Royal Exchange project was announced.
Royal Exchange To Boost Belfast North
Fears that the multi-million pound redevelopment of a run-down part of Belfast city centre had been shelved have again been refuted this week with news that a planning application has been submitted. The application came five years after the Royal Exchange project was announced.
21 December 2016
DAERA Launch £1m Business Investment Scheme
The Department of Agriculture, Environment and Rural Affairs have announced a £1 million Business Investment Scheme, which aims to create jobs and stimulate economic growth in Ards and North Down The Business Investment Scheme, which is one of the strands of the Department's LEADER Rural Development Programme, will assist those in Ards and North Do
DAERA Launch £1m Business Investment Scheme
The Department of Agriculture, Environment and Rural Affairs have announced a £1 million Business Investment Scheme, which aims to create jobs and stimulate economic growth in Ards and North Down The Business Investment Scheme, which is one of the strands of the Department's LEADER Rural Development Programme, will assist those in Ards and North Do
23 March 2004
Easyjet expansion to create 200 jobs
Up to 200 new jobs are set to be created following an announcement that easyjet is to introduce four new routes from Belfast International Airport to Europe.
Easyjet expansion to create 200 jobs
Up to 200 new jobs are set to be created following an announcement that easyjet is to introduce four new routes from Belfast International Airport to Europe.
15 August 2017
Contractors & Suppliers 'Plug In' To Leisure Transformation Opportunities
More than 90 supply and contractor businesses attended a 'Meet the Buyer' event at Olympia Leisure Centre hoping to share in a £43 million contract to transform leisure in Belfast. Belfast City Council and property specialists, Heron Bros, said the number of companies which attended the event made it a worthwhile exercise.
Contractors & Suppliers 'Plug In' To Leisure Transformation Opportunities
More than 90 supply and contractor businesses attended a 'Meet the Buyer' event at Olympia Leisure Centre hoping to share in a £43 million contract to transform leisure in Belfast. Belfast City Council and property specialists, Heron Bros, said the number of companies which attended the event made it a worthwhile exercise.
09 July 2010
Economic Development Boost For Belfast
Belfast has won a place in the last stages of a prestigious UK-wide enterprise contest. Invest Northern Ireland has announced Belfast City Council's Economic Development Unit as the winner of the NI heat of the Enterprising Britain 2010 competition.
Economic Development Boost For Belfast
Belfast has won a place in the last stages of a prestigious UK-wide enterprise contest. Invest Northern Ireland has announced Belfast City Council's Economic Development Unit as the winner of the NI heat of the Enterprising Britain 2010 competition.
-
Northern Ireland WeatherToday:There will be a mixture of bright intervals and a few showers. Best of the sunny spells will be near the North Coast. Feeling on the cool side. Maximum temperature 10 °C.Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Minimum temperature 0 °C.
