Regeneration partner sought to unlock Belfast’s major project
Belfast City Council have begun searching for a new development partner to help them reach their goal of welcoming 66,000 new residents by 2035.
Authorities have planned to bring forward more than £500m worth of developments across the city in a bid to create more properties. To make this happen, the council have launched their search for a long-term partner.
The council have stated they are looking for an organisation who will bolster sustainable development, with high quality placemaking and people at its core.
In November 2021, the local authority created their Belfast Agenda Plan which sets out the goal of attracting 66,000 new residents to the city by 2035. To do this, an estimated 31,600 new homes will need to be built, with a focus on promoting city centre living.
Cllr Ryan Murphy, Belfast lord mayor, said: ‘This is a bold approach, in that we’re seeking to bring forward residential-led, mixed-use development across the city. And it comes at a really exciting time for Belfast. We’re the powerhouse of the regional economy and we’re perfectly positioned for investment, with both Dublin and London in easy reach.’
‘We’ve seen significant regeneration in our city centre in recent years, including Ulster University’s new city centre campus, and multi-million investment in the Belfast Grand Central Station and wider Weavers Cross development,’ Cllr Murphy added. ‘And we’re excited about our inclusive, resilient, low-carbon future. In the next decade, £1bn from the Belfast Region City Deal – and investment in the waterfront, active and sustainable travel, culture, and tourism infrastructure – will continue to transform our city and make it an even better place to live, work, invest in, and visit.’
Against this backdrop, Keith Hardman, international partner and head of development and strategic advisory at Cushman & Wakefield said his organisation are honoured to have been chosen to be a part of the selection process.
Keith said: ‘Cushman & Wakefield is very pleased to be supporting Belfast City Council in the partner selection process for this exciting multi-site development project. It represents an excellent residential-led, mixed-use opportunity for developers and investors to play a major role in the continuing transformation and growth of Belfast as a destination for sustainable high quality city living.’
Image: K. Mitch Hodge
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