Business

Work begins on £8m Chichester House office development

Computer generated images of what the new Chichester House will look like once officially open next year

DEVELOPERS have pledged the soon to be re-developed Chichester House will be the best connected Grade A office building in Belfast.

Work has started on the refurbishment and development, representing an overall investment of £8 million.

Chichester House, will bring 46,000 sq ft of top quality office and 5,000 sq ft of modern retail space to the market following a full redevelopment of the building's existing six storeys, an extension to the rear and the addition of two new floors.

Chichester House will also be the first building in Belfast to be rated by WiredScore, an innovative, internationally recognised commercial real estate rating system for digital connectivity. This means it will be the first Grade A office project in the city to have guaranteed internet connectivity.

Damian Mitchell, property director at Causeway Asset Management, said:

“Internet speed and reliability is one of the three most important factors for tenants searching for office space, along with cost and location."

“Chichester House will be an office space fit for the future, with guaranteed connectivity. We are excited that it will be the first building in Belfast to provide this assurance to potential tenants and believe that rating buildings using this transparent system will set a new standard in Grade A offices in Belfast,” he added.

WiredScore started in New York and major US cities and has since become a benchmark in Europe after being taken up by investors, landlords and tenant companies in Paris, London, Manchester, Dublin and most recently Berlin. Causeway Asset Management believes that being the first to adopt Wired Certification in Northern Ireland will provide added attraction for global companies considering investment in Belfast.

Lisney and Lambert Smith Hampton have been appointed joint letting agents on the building.

Existing tenants Boojum will remain in their ground floor unit during the build phase which is set to create 150 co0ntruction jobs. Completion is expected in late 2018. Further information can be obtained by visiting www.chichesterhouse.com.

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