Farrans Construction has been announced as the preferred contractor for Tribeca Belfast’s Phase One with the project being estimated to be worth 500 million.
Established in 1943, Farrans Construction is a Belfast based company who will deliver two office buildings of Grade A specification, with one in particular designed to adhere to international businesses headquarter standards.
Additionally, Farran also aims to build 24 luxury apartments with a retail area on the ground floor including food and beverage space.
John Wilson, Managing Director of Farrans, said: “We are delighted to have been selected as a preferred contractor by Castlebrooke Investments on the first phase of this key regeneration scheme within the heart of Belfast city centre. Over the years Farrans has delivered some of the most notable key regeneration projects in Belfast. This is an exciting development for us and Belfast. In recent times, we have been active throughout the UK and Ireland but we are keen to establish Tribeca Belfast as a success in our local market.
“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.”
Farrans Construction is a division of Northstone (NI) LTD, an Irish-based materials company – who operate in 3,600 locations worldwide and employ 85,000 people with revenue above €27 billion.
Glenn Gilmore, Regional Director at Farrans, 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.”
Farrans has experience completing high-end regeneration projects before as they previously finished the ‘Belfast Streets Ahead’ development on behalf of Belfast City Council, as well as the well-known Victoria Square worth £165m in a joint partnership.
Neil Young, Chief Executive of Castlebrooke Investments, 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.
“The development is rooted in the aspirations of the city to become more international and to build on the optimism already apparent in Belfast. Farrans have embraced our regeneration vision, and we look forward to seeing the project move forward in early 2019.”
Tribeca Belfast will further boost the economic growth of Belfast with the urban regeneration scheme worth £500m set to deliver 1,500,000 sq ft consisting of luxury apartments, Grade A offices, food, beverage and retail area all situated in the city centre of Belfast.