Castlebrooke submits planning application for £400m redevelopment of Royal Exchange in Belfast

15 Nov 2017 EUROPE BUILDINGS

Castlebrooke Investments, advised by Chapman Taylor, has submitted a new planning proposal to Belfast City Council for a £400m redevelopment project in Belfast.

The site, formerly known as the Royal Exchange, is located in the north-east quarter of Belfast City Centre. The mixed-use city centre regeneration scheme includes a total area of 136,000 sq m, the largest-ever single redevelopment in Belfast city centre. The development has been set in a framework of new pedestrianised streets and squares, which will transform the 12-acre site.

Castlebrooke Investments hired Chapman Taylor to develop a retail-led, mixed-use scheme, which will include premium brand shops, bars, cafes and offices, with a hotel and residential apartments at the upper levels. The plan includes the retention and refurbishment of a number of listed and non-listed buildings and facades. The new plan also aims to preserve and enhance the setting of these buildings and their historical importance for the city centre. During the construction phase, the overall project will create 900 jobs. The project is expected to take up to five years to complete.

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