08/04/2010
Titanic Quarter Sues Over Apartments
The developer of homes in Belfast's Titanic Quarter is to sue customers that have failed to complete the purchase of apartments, according to the BBC.
Titanic Quarter Ltd, owned by Dublin-based firm Harcourt Developments, has issued writs against 12 customers, the report states.
The cases are due to mentioned at the High Court in Belfast next week.
The crash in property prices has resulted in some buyers being unable to secure mortgages to cover the cost of flats that were agreed when prices were still high.
The company said it had been talking to the customers and had offered incentives for them to complete the purchases but agreement had not been possible.
Those incentives are believed to have included discounts to the original agreed price.
Harcourt Developments holds the development rights for the huge Titanic Quarter site.
The residential aspect of the development is an apartment project called the Arc.
(NS/BMcC)
Titanic Quarter Ltd, owned by Dublin-based firm Harcourt Developments, has issued writs against 12 customers, the report states.
The cases are due to mentioned at the High Court in Belfast next week.
The crash in property prices has resulted in some buyers being unable to secure mortgages to cover the cost of flats that were agreed when prices were still high.
The company said it had been talking to the customers and had offered incentives for them to complete the purchases but agreement had not been possible.
Those incentives are believed to have included discounts to the original agreed price.
Harcourt Developments holds the development rights for the huge Titanic Quarter site.
The residential aspect of the development is an apartment project called the Arc.
(NS/BMcC)
Related Northern Ireland News Stories
Click here for the latest headlines.
04 December 2009
Progress Marked At Titanic Project
Belfast's mammoth regeneration of the Titantic Quarter is progressing well, the government has said. The centrepiece of the scheme is the £97million Titanic Signature building.
Progress Marked At Titanic Project
Belfast's mammoth regeneration of the Titantic Quarter is progressing well, the government has said. The centrepiece of the scheme is the £97million Titanic Signature building.
27 March 2008
Lifeline Thrown To Sinking Titanic
It would be a real disaster if the Titanic were to 'sink again'. That's the reason Belfast City Council is set to investing £10m of ratepayers' money to co-fund a Titanic tourist attraction. The aim is to ensure the £90m Titanic Signature Project will be built by 2012 - after it struggled to secure the final funding needed.
Lifeline Thrown To Sinking Titanic
It would be a real disaster if the Titanic were to 'sink again'. That's the reason Belfast City Council is set to investing £10m of ratepayers' money to co-fund a Titanic tourist attraction. The aim is to ensure the £90m Titanic Signature Project will be built by 2012 - after it struggled to secure the final funding needed.
25 March 2010
Summit Tackles Belfast Infrastructure
A two-day conference launched by NI Social Development Minister, Margaret Ritchie is this week bringing together local and international business, community and political leaders.
Summit Tackles Belfast Infrastructure
A two-day conference launched by NI Social Development Minister, Margaret Ritchie is this week bringing together local and international business, community and political leaders.
04 September 2023
Belfast Maritime Festival Returns This Weekend
People have been urged to discover a treasure trove of free activities at this weekend's Belfast Maritime Festival on Saturday 9 and Sunday 10 September.
Belfast Maritime Festival Returns This Weekend
People have been urged to discover a treasure trove of free activities at this weekend's Belfast Maritime Festival on Saturday 9 and Sunday 10 September.
18 October 2007
Titanic Quarter To Revive City's Heritage
Belfast is set to finally commemorate its full maritime and industrial heritage. It has just been revealed that one of the main objectives of a new initiative, the ‘Titanic Signature Project’, is to record and celebrate the city’s great maritime and industrial heritage.
Titanic Quarter To Revive City's Heritage
Belfast is set to finally commemorate its full maritime and industrial heritage. It has just been revealed that one of the main objectives of a new initiative, the ‘Titanic Signature Project’, is to record and celebrate the city’s great maritime and industrial heritage.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.