A 30,000 sq ft office letting has been agreed at the Weaving Works in Belfast, in a boost to otherwise poor take-up levels in the city.
Newry-based First Derivatives has signed up as the tenant for the entirety of the Weaving Works in the Linen Quarter, as part of an expansion of its Belfast-based operations.
The Belfast office market experienced a lettings drought in the first half of the year, with take-up down 28% year-on-year and only 14 deals recorded.
The financial software and consulting business will join Caffè Nero and Belfast restaurant the Barking Dog at the scheme, which is being developed by local operator Karl.
The former historic Armagh House linen warehouse on Ormeau Avenue is being redeveloped into a five-storey building, being let by GVA HI.
Adrian Toner, chief operating officer of First Derivatives, said: “This is another exciting milestone for First Derivatives and our wholly owned subsidiary Market Resource Partners (MRP). It represents a significant investment for the firm in the city of Belfast, which mirrors similar investments in Newry, Dublin, London, Toronto and Singapore.”
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