Prominent Belfast office block on the market for £34m
ONE of Belfast's most prominent office buildings has been put for sale, with offers sought in excess of £34 million.
The Gateway Offices building in the Titanic Quarter is the single largest Belfast office investment to come to the market this year, with strong interested expected.
The 133,000 sq ft development and associated car park is fully let to Citibank and comprises three connected accommodation blocks with a common central feature courtyard. Built in 2009, the building was the first outside
the south east of England to achieve LEED (Leadership in Energy and Environmental Design) Gold Standard.
Robert Ditty, senior director of letting agents, CBRE Belfast expects a "competitive bidding proccess".
“The Gateway Offices is the largest Belfast office investment to be offered to the market in 2018, and it is one of the most prominent Grade A office buildings in the city," he said.
"With prime rents expected to achieve £22 per sq ft by year-end, the building represents an excellent investment and compelling asset management proposition for investors seeking to capitalise on a buoyant office sector."
James Eyre, commercial director at Titanic Quarter added
"Titanic Quarter is established as a centre for premium Grade A offices and business innovation, a world class tourist destination, an education and media campus and a prime residential community. The Gateway Offices therefore provides an excellent investment opportunity."
The Belfast office sector is has enjoyed a record year, with occupier take-up estimated in excess of 800,000 sq ft.