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Belfast set to benefit from £5 billion project

Catherine Deshayes

The Titanic Quarter regeneration project in Belfast will bring £5 billion of investment to the city and is set to be Europe's largest waterfront development.

The Titanic Quarter in Belfast, Northern Ireland, is an area situated on reclaimed land in Belfast city harbour, known until recently as Queen's Island.

The 185-acre site on the banks of the river Lagan, was previously owned by Harland and Wolff shipyards, and is named after the company's most famous product RMS Titanic, has been earmarked for development as a blue-chip technology district, including apartments, a riverside entertainment district, and a major Titanic-themed attraction.

The project is to be developed over a 15-year period and on completion will include 5,000 new homes, a business sector commercial developments and more then 440,000 square foot of leisure developments.

The project is also expected to create 25,000 new jobs.

The first phase of residential developments, 475 apartments, is currently on site and due to be completed next year.

Thomas O'Doherty, Director at Eric Cairns Partnership, who is behind the development, said, "The Titanic Quarter will become Europe's largest waterside development.

"It will offer a mix of residential and commercial space which will create a vibrant community.

"I believe that the Titanic Quarter offers good investment opportunities for those investors looking to the medium to long term," Mr O'Doherty went on to say.

The area also has a proposed light-rail transit link to the city centre and the near-by George Best Belfast City Airport.

To view properties for sale in Northern Ireland, visit www.themovechannel.com/property/northern_ireland/