Belfast Harbour can confirm that it has purchased the Obel Office at 68 Donegall Quay from its previous owners, US fund Marathon Asset Management.
The office building is currently occupied by a blue-chip tenant, global law firm Allen & Overy, which employs more than 500 staff in Belfast.
The site comprises 52,000 sq ft of office space over seven floors and two retail units on the ground floor, which are currently let to Mount Charles/Fed & Watered and Lagan Boat Company.
Joe O’Neill, Belfast Harbour CEO said “The Obel office building is contiguous with our City Quays regeneration development and its purchase aligns with our long term strategic business plan for property development and investment.
The site The Obel office is situated on was previously owned by Belfast Harbour and we are delighted to be bringing this landmark building back into local ownership and to once again demonstrate our confidence in the Northern Ireland economy and provide a boost to Belfast’s commercial property market.”