Farrans Construction, a building and civil engineering contractor with operations in the UK, Ireland and Europe, has been appointed by Castlebrooke Investments for Phase 1 of the £500m Tribeca Belfast urban regeneration scheme in Ireland, UK.
Under the project, Farrans will deliver two Grade A office buildings, together comprising 180,000ft² of space. One of the buildings has been designed to international headquarter office standards.
The project will also include 24 luxury apartments, in addition to ground floor retail and food and beverage units.
Farrans regional director Glenn Gilmore said: “Once commenced the first phase of Tribeca Belfast will create more than 1,000 job opportunities which will include apprenticeship opportunities through the duration of the construction programme.
“The project will run for two years across design development and construction. This job creation over the next few years is certainly another positive output for the Northern Ireland construction sector.”
The 12-acre Tribeca Belfast site is located beside St Anne’s Cathedral, bounded by Royal Avenue, Donegall Street, Lower Garfield Street and Rosemary Street.
Refurbishment work has already commenced to preserve the listed Garfield & North building on Lower Garfield Street.
Farrans already has vast experience working on major regeneration projects in Northern Ireland and other areas.
In the past decade, Farrans has completed the Belfast Streets Ahead project on behalf of Belfast City Council, and the as £165m Victoria Square Centre some years earlier in a joint venture partnership.
Castlebrooke Investments CEO Neil Young said: “We are delighted to be working with Farrans, one of Northern Ireland’s best known and most successful construction companies, as our preferred contractor for Phase One of Tribeca Belfast.
“We believe this project will have a hugely positive impact on a part of Belfast that has had little to no investment in recent years, as well as providing a boost to the whole economy through the jobs that will be created locally during the construction phase.”
Castlebrooke Investments, which has so far invested £50m in site assembly, planning and professional fees, plans additional investment in the project.
Farrans managing director John Wilson said: “We are looking forward to being the delivery partner behind Tribeca Belfast, which will undoubtedly deliver key economic benefit to the city, and bring a wealth of employment opportunities to Farrans and our extended supply chain.”
Image: Farrans appointed for Phase 1 of Irish Tribeca Belfast regeneration project. Photo: Courtesy of Farrans Construction.