Go-ahead for £500m plan to regenerate Belfast
Tribeca project will create 1,600 extra jobs
Last updated 22nd Jan 2020
Planning approval has been granted for a major development in Belfast city centre.
Tribeca Belfast is a £500 million urban regeneration scheme on a 12-acre site located beside St Anne's Cathedral bounded by Royal Avenue, Donegall Street, Lower Garfield Street and Rosemary Street.
It will accommodate an estimated 1,600 additional jobs on completion and contribute £213 million a year to the local economy.
It will create circa 60,000 sqm additional employment floorspace, developer Castlebrooke Investments said.
During construction, an average of 600 construction jobs per year will be created.
Cumulative income to local government over 20 years will be approximately £23 million.
Neil Young, chief executive of Castlebrooke Investments, said: "This is the start of a major regeneration for a vital part of Belfast city centre and we are delighted that approval has been granted.
"It sends a clear message to other investors that the city is open for business.
"With these changes we have sought to listen to the feedback of our stakeholders in Belfast and we believe that our architects, Squire & Partners, and specialist conservation architects, Consarc Design Group, have incorporated these changes into a scheme which will revitalise this important area of the city.
"We would like to thank Belfast City Council for reaching this decision tonight and we look forward to beginning on site as soon as possible.''
Amendments to the outline planning application for Tribeca Belfast, which were originally submitted by Castlebrooke Investments in October 2017 and subsequently significantly amended in August 2019 received planning approval from Belfast City Council.