Business

Titanic Belfast generates £430 million for local economy

Titanic Belfast generates £430 million for local economy

A new report has revealed that Titanic Belfast has generated an estimated £430 million in direct spend for the Northern Ireland economy since it opened its doors 10 years ago today.

The report, carried out by Deloitte Northern Ireland, also revealed that in its eight to tenth years of operation, the combined economic impact of Titanic Belfast has been £79 million, highlighting the vital role the iconic building continues to play a decade on.

Titanic Quarter: "We’re aiming to double investment and reach £2bn by 2035"

Titanic Quarter: "We’re aiming to double investment and reach £2bn by 2035"

Ulster Business - It’s been quieter in terms of footfall over the last year or so, but Titanic Quarter has continued to develop and build while the tourists, and many of the workers, are at home. John Mulgrew speaks to its commercial director, James Eyre, about planning to double its £600m investment in the coming decade, office demands post-Covid, bringing forward new schemes and bringing back the visitors.

While tourism may have effectively stopped for a year and many offices lay empty, all wasn’t quiet in Titanic Quarter during the pandemic.

Park West Home to "Best Workplaces in Ireland"

Park West Home to "Best Workplaces in Ireland"

Park West is home to two winners of the Great Place to Work Ireland awards – with Certification Europe recognised as a ‘Best Small Workplace’, and Workhuman winning two awards – Ireland’s #2 ‘Best Large Workplace’ and ‘Best Workplace for Women’.

Niamh Graham, vice-president of global HR at Workhuman said, “Our Irish workforce is made up of 45 per cent women and we have successfully and substantially increased our female demographic in technology in our Tech HQ in Park West, Dublin.

Workhuman's Irish workforce to double to 800 staff by 2023

Workhuman's Irish workforce to double to 800 staff by 2023

Irish Independent - HR tech unicorn expanding in Park West offices as revenues approach $1bn.

Workhuman, the Irish HR technology company which achieved unicorn status last year with a valuation of $1.2bn (€1bn), is planning to double its Irish workforce to 800 people by 2023.

'It tastes even better than I remember': Lockdown drought ends in Donegal as bars re-open

'It tastes even better than I remember': Lockdown drought ends in Donegal as bars re-open

Irish News - For Derry man Mickey McLaughlin, it was a long drought.

As he downed his first pint of draught Guinness at The Harbour Bar in Buncrana yesterday, it was everything he had been dreaming of for three months.

“The days couldn’t go in quick enough. It tastes even better than I remember,” the Creggan man said.

Park West secures new tenants

Park West secures new tenants

Irish Times - The success of the Park West scheme continues with four lettings amounting to a total of 34,634sq ft agreed so far this year. While one deal saw the increase of existing tenant Sysnet’s footprint within Block 71 from 10,700sq ft to 15,000sq ft, the other transactions saw the arrival of three new companies to the west Dublin business park. In the first instance, medical services giant Affidea made the decision to relocate its Irish head office to Park West, taking 4,500sq ft in Block 71

HBO ends tenancy at Titanic Studios, the home of Game of Thrones

HBO ends tenancy at Titanic Studios, the home of Game of Thrones

WinterisComing.net - It’s been quite a run for HBO and Titanic Studios in Belfast, Northern Ireland, where the network shot much of the footage for Game of Thrones for 10 years. But that’s all about to change, as the premium cabler has given notice that it plans to vacate its home in the Titanic Quarter

Amazon strikes deal at Titanic Quarter

Amazon strikes deal at Titanic Quarter

Estates Gazette - The online retail giant has occupied a 40,000 sq ft unit in Channel Commercial Park at the Belfast Harbour site since late 2018.

However, Titanic Quarter, which is controlled by Dublin-based Harcourt Development, has secured planning to demolish this site to make way for a new, larger facility.

The online retail giant will lease a circa 80,000 sq ft warehouse facility as well as a three-tiered van storage centre accommodating 479 spaces.

Las Vegas’ top 10 real estate deals of 2019

Las Vegas’ top 10 real estate deals of 2019

Las Vegas Review Journal - Life Time Fitness purchased nearly 15 acres of land at Durango Drive and Sunset Road from Ireland-based Harcourt Developments in November.

Harcourt had partnered with a Las Vegas firm in 2006 to build Sullivan Square, one of numerous high-rise proposals from Las Vegas’ bubble days that never materialized.

The Last Stop: The Railway Tavern is back on track!

The Last Stop: The Railway Tavern is back on track!

Derry Journal - IT'S NOT OFTEN a hotel encourages its guests to escape from its facilities but the Redcastle Hotel is making clever use of its close connections with the revamped Railway Tavern to ensure a unique getaway experience which is certain to whet your appetite.

Weddings and US visitors push profits up fivefold at Lough Eske Castle hotel

Weddings and US visitors push profits up fivefold at Lough Eske Castle hotel

Irish Independent - The five-star Lough Eske Castle hotel in Co Donegal saw its pre-tax profits increase more than fivefold last year to €210,582. Revenues at the luxury hotel - part of Pat Doherty's Harcourt Developments - increased by 4pc to €9.33m.

All aboard the relaunched Railway Tavern

All aboard the relaunched Railway Tavern

Donegal Live - The Railway Tavern in Fahan has recently been taken over by Harcourt Developments, and to mark the launch of their new menu I was invited along to the Firebox Grill recently to sample their wares. 'Fill your boots', they told me, so I eagerly obliged.

Citi acquires Gateway Offices building in Titanic Quarter

Citi acquires Gateway Offices building in Titanic Quarter

The Irish News - one of Belfast's most prominent office buildings, the Gateway Offices at Titanic Quarter, has been sold to sitting tenants Citi in a deal understood to be worth in the region of £35 million

The building comprises three accommodation blocks, central feature courtyard and underground car parking, and has been let to Citi since the building was completed in 2009.

James Eyre, commercial director at Titanic Quarter, said: "This sale is good news for Belfast. Having a high-quality occupier and employer such as Citi acquire its principal building, demonstrates its long-term commitment to Titanic Quarter and Belfast.”

Lough Eske Castle hotel profits surge

Lough Eske Castle hotel profits surge

Irish Independent - The five-star Lough Eske Castle hotel in Co Donegal last year recorded profits of €1.54m.

The luxury hotel, which is part of Pat Doherty's Harcourt Developments, enjoyed the profits after revenues increased to €8.56m for the year.

Harcourt Developments finance director Nick Doherty said: "2016 was a strong year for Lough Eske where overall revenues grew by 6pc. "Overall, in terms of geographical market share, we witnessed strong growth both from the Irish and US markets, which more than offset a slight decline in the UK market."

No Brexit worries as Harcourt hotels reports €60m in revenues

No Brexit worries as Harcourt hotels reports €60m in revenues

Irish Independent - The hotel arm of Pat Doherty's Harcourt Developments group last year recorded revenues of €60m and said that its experience of Brexit to date has been positive.

The Harcourt Collection comprises seven hotels and resorts spread across Ireland, the UK and the Caribbean along with Titanic Belfast and a spokesman said yesterday that it is "very pleased with the performance of the hotels".

Globoforce moving to larger headquarters in Park West

Globoforce moving to larger headquarters in Park West

Irish Times - Globoforce, an Irish software firm that operates employee reward and incentive schemes for many of the world’s leading companies, is planning to move to a larger headquarters building in Park West beside the M50 in west Dublin.

The company has been based in a 929sq m (10,000sq ft) block in the park since 2006, but is now relocating to another building almost five times that size.

Park West campus wins Opus Building of the Year award

Park West campus wins Opus Building of the Year award

Irish Times - Park West business campus on the edge of the M50 in west Dublin has finally got the recognition it deserves. Apart from being one of the great successes of the current property boom, the entire project has won an Opus Building of the Year Award for its architectural achievements. Tim Darmody of Project Architects was commended for his architectural skill and his ability to "raise the standard of speculative office parks above the basic norm."