31/10/2002

Titanic Quarter pitch bids to attract Invest NI

The developers behind the Titanic Quarter Waterfront regeneration plan have unveiled an ambitious multi-million pound, 20-year plan that aims to create up to 20,000 jobs.

However, the first step is to attract local inward investment agency, Invest NI, to be the first tenant in the development scheme. As an anchor tenant for the latest development the agency, which is currently seeking premises, would instil confidence in the project if they were to take offices at the site.

Invest NI are commencing a tender process for 150,000 sq ft of office space with a view to being in residence in 2004.

The Chief Executive of Titanic Quarter, Mike Smith, said it was important that the 185-acre site's first tenant was Invest NI. He said that the "symbolism" of a new landmark building would give the agency the start it deserved.

Current planning proposals for the Titanic Quarter, which runs from the Odyssey complex alongside the Harland and Wolff yard, includes a £30 million development for 200,000 sq ft of light industrial space. The site would be adjacent to the new Northern Ireland Science Park development.

Initial estimates put the number of jobs in the construction alone at around 250, with up to 500 jobs at the completed site.

The main competitor for the Titanic Quarter project is the ongoing redevelopment project at the Old Belfast Gas Works on the Ormeau Road.

Site clearance at the Titanic Quarter extension is expected to commence early next year.

(SP)

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.
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.
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.
30 July 2013
'Pop-Up' Restaurant To Train Unemployed
A new restaurant has opened in Belfast's Titanic quarter that will provide catering and hospitality training for unemployed people in Lisburn and Belfast. The Lord Mayor of Belfast officially opened the 'pop up' eaterie yesterday, marking a new project for the council's HARTE (Hospitality and Retail Training for Employment) programme.
28 November 2008
Belfast Pumps Millions Into Titanic Project
A £10 million contribution to the ground-breaking Titanic Signature Project is expected to be ratified by Belfast City Council next month. Councillor Diane Dodds, Chairperson of the Strategic Policy and Resources Committee, welcomed yesterday's announcement by the Northern Ireland Executive offering up to £43.