Central Belfast sites aquired by local investor

8th December 2023 | Phoebe Dobke

Local investment company Alterity Investments has expanded its portfolio with the acquisition of three prominent retail and office sites in Belfast city centre. The company has purchased the Mayfair Building, Arthur Chambers, and State Buildings, which collectively boast a prime location and are home to a collection of well-known retail brands.

The Mayfair Building boasts seven retail units and 22,234 square feet of vacant upper-floor accommodation, while Arthur Chambers features three retail units and 4,352 square feet of upper-floor space. State Buildings presents two retail units and 12,558 square feet of upper-floor grade A offices.

The acquisition further strengthens Alterity’s commitment to Belfast’s city center revitalization efforts. The company has outlined plans to renovate the upper floors of the State Buildings and Arthur Chambers, enhancing the property’s appeal and contributing to the city’s overall retail and leisure offerings.

“This acquisition is a strategic move that aligns perfectly with Alterity’s existing holdings in Belfast and underscores our dedication to the city center,” remarked Richard Faloon, Commercial Director of Alterity Investments. “We were drawn to both the prime location and the impressive tenant roster, which features brands that are not currently part of our portfolio elsewhere in the UK.”

Alterity’s overall investment portfolio surpasses £100 million and spans various sectors. The company’s current development projects include the Keep on Castle Lane and a number of other properties in central Belfast.


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