Belfast City Council has begun the search for a development partner to help deliver £560 mln (€620 mln) worth of multi-site, residential-led, mixed-use developments across the city.
Belfast aims to welcome an additional 66,000 new residents by 2035 and, to fulfil that ambition, an estimated 31,600 quality new homes will need to be built. C&W has been appointed to identify a long-term Private Sector Partner (PSP) which will act as a master developer.
Belfast Lord Mayor Councillor Ryan Murphy said: 'This is a bold approach, in that we’re seeking to bring forward residential-led, mixed-use development across the city. 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. And we’re excited about our inclusive, resilient, low-carbon future.'
Concept plans show an opportunity to develop residential-led, mixed-use developments on four city centre seed sites, with potential for further residential-led, mixed-use development and regeneration across the city on additional opportunity sites.
Keith Hardman, international partner, head of Development & Strategic Advisory, UK at Cushman & Wakefield added: '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.'