Business

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."