Business

Civil Service to move into prominent Belfast office block

In one of the largest office transactions ever completed in Northern Ireland, Causeway Asset Management has agreed a lease on Nine Lanyon Place with the Department of Finance’s properties division.

A LEASE has been agreed which will see various Northern Ireland Civil Service (NICS) departments and public sector bodies move into a prominent Belfast city centre office building.

In one of the largest office transactions ever completed in the north, Causeway Asset Management has agreed a lease on Nine Lanyon Place with the Department of Finance's properties division.

The deal will see the NICS occupy 150,000 sq ft of Grade A office space set over six floors.

Damian Mitchell, director at Causeway Asset Management, said he was pleased to agree the deal following the launch of refurbishment plans for the building in December.

“This deal provides the NICS with the transitional space it needs for workforce consolidation in a prime city centre location," he said.

“Over the last six months we've experienced a high level of interest from FDI investors and professional firms who are considering locating to Belfast or expanding their operations here. We are delighted to conclude our contract with the NICS to lease the building with immediate effect.”

A Department of Finance's spokesperson said:

“This lease will allow the public sector to consolidate operations from various locations across the city ensuring our assets are more efficiently managed and help to realise some significant cost savings.”

Lambert Smith Hampton acted as letting agents on the deal.

Stuart Draffin, director and head of agency at Lambert Smith Hampton in Belfast, added:

“Belfast is fast gaining a reputation as a centre of excellence across a number of sectors, as evidenced by the level of interest in Nine Lanyon Place, and it is great to see the city taking its place on the global stage.”

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