McAleer & Rushe has entered into an agreement with Queen’s University Belfast to develop 1,200 student bedrooms on two of their prime city centre sites.
The developer/contractor has agreed to deliver the completed buildings by the summer of 2018, in a deal estimated to be worth over £70m.
Both projects are currently under consideration by the Belfast City Council planning service.
The 476-bedroom scheme on McClintock Street will form part of a mixed-use student and hotel scheme, while the proposal for College Avenue will consist of 680 cluster bedrooms and 95 studios.
McAleer & Rushe property director Stephen Surphlis said: “This is the most significant property development deal in Northern Ireland for many years. It follows on from the success we had with Belfast City Council to develop a 100,000sq ft office at our site on Adelaide Street.”
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