Business

£15.8m McAleer & Rushe office scheme fully let ahead of completion

McAleer & Rushe is nearing completion on the seven-storey Brinell Building in Brighton. The Grade A office building is now fully let
Gareth McKeown

A SPECULATIVE office development from Co Tyrone construction giant McAleer & Rushe is now fully let ahead of completion next summer.

The £15.8 million Brinell Building in Brighton has achieved record rents for the city, despite the fact it is yet to open its doors.

The 65,253 sq ft Grade A office building is the latest scheme being delivered by McAleer & Rushe, with the contract agreed in October last year. The project is due for completion in June.

US video game developer, Unity Technologies, valued at €2.5bn, is the final occupier to take its place in the seven-storey development, with the tech company set to be the anchor tenant after committing to 37,398 sq ft over four floors on a ten-year lease.

Unity joins communications specialist, Diversified and professional services firm, Dehns in the office building.

The major Brighton contract is the latest in the city for McAleer & Rushe following the completion of the 30,000 sq ft CityView office space in 2016.

Angus Monteith, property development director at McAleer & Rushe said:

“McAleer & Rushe successfully developed CityView in 2016 and we saw the opportunity to bring forward additional office space to meet untapped demand in central Brighton. Our decision to speculatively develop The Brinell Building has been rewarded with 100 per cent pre-lettings to a first class tenant line-up six months ahead of practical completion.”

Earlier this month McAleer & Rushe outlined plans to build a nine to nineteen storey apartment building on Corporation Street in Belfast.

The planned development comprises 347 build-to-rent apartments over ground floor retail and includes a semi-basement 84-space car park. A public exhibition of the proposal was held in the city last week.

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