28/09/2007

Work Begins On Lanyon Towers Development

Work has begun on the £45 million development for one of the last remaining sites on Lanyon Place, close to the Waterfront Hall and Hilton Hotel.

Social Development Minister Margaret Ritchie announced that the new building, developed by William Ewart Properties and know as Lanyon Towers, will be a mixed office, residential and leisure development.

"This new building represents a further phase in the regeneration of Belfast. It will add another prestigious development to this area, almost completes the complex around the Waterfront Hall and will act as a further lever for economic development,” the Minister said.

When completed the development will comprise 90,000 square feet of office space, 5,500 sq ft of bar and restaurant facilities, 104 quality residential suites and an underground car park for 135 vehicles.

Emphasising the importance of the development to the regeneration of the city centre, the Minister said: "Integrating the riverfront with the city centre and nearby communities is an important feature of the Belfast City Centre Regeneration Framework and remains a key priority for my department."

The development is due to be completed in autumn 2009 and it is estimated that 250 jobs will be created during the construction period. The Minister added: "In addition to making the city a more attractive place to live, work and visit, such regeneration also contributes to the development and growth of the local economy. Lanyon Towers is an excellent example of the with £45m investment to our economy."

Nick Reid, Chief Executive of William Ewart Properties, said: "Having invested over £100m on Lanyon Place already, we are delighted to take this next step to build out the second last plot within Belfast’s most prestigious address. Our commitment and delivering on the regeneration potential of Belfast is very important to Ewart.

"Our role in this scheme and in our proposed Royal Exchange development of the North East Quarter of the Belfast City Centre are just two examples of the £1bn worth of development we will be delivering in our capital city over the next 10 years."

(JM)

Related Northern Ireland News Stories
Click here for the latest headlines.

01 December 2020
New Support Measures For Survivors Of Historical Institutional Abuse
A range of support measures for survivors of Historical Institutional Abuse has been announced by First Minister Arlene Foster and deputy First Minister Michelle O'Neill.
27 November 2020
Guidance For Users And Providers Of Click And Collect Services Welcomed
Guidance for users and providers of click and collect services during the circuit breaker has been welcomed by Economy Minister Diane Dodds.
05 March 2003
Study to reshape Belfast city centre launched
NIO Minister Des Browne has today announced the start of a review of Belfast city's regeneration policy following the adoption of the Victoria Square Development Scheme last month. The GB-based consultancy, G V A Grimley, has been engaged to conduct the research and is expected to report to the Department by the end of April.
12 May 2021
Economy Minister Launches New Vision For The Economy
Economy Minister Diane Dodds has launched her ambitious economic vision which will lead to better jobs with better wages. In '10X Economy: An Economic Vision for a decade of innovation' Minister Dodds outlines the steps her Department will take to ensure Northern Ireland is positioned amongst the elite small open economies in the world.
07 May 2021
Call For More Details On High Street Voucher Scheme
Sinn Féin is calling for more details about the Department for Economy's High Street Voucher Scheme. The party's MLA Caoimhe Archibald said she is concerned at the "lack of detail".