Magell announces £5 million investment in Belfast flexible office space

Magell Limited is investing £5 million in Belfast city centre in a move which will radically enhance the flexible workspace offering and propel the company to be one of the leading suppliers of flexible office space in Northern Ireland.

The Northern Irish based investor and developer has commercial assets throughout the UK and has announced plans to convert a landmark building in the centre of Belfast into what the developer describes as ‘a new excellence’ in flexible working.

Construction will begin within weeks on Eagle Star House, a 30,000 sq ft building situated on Upper Queen Street just a short distance from Belfast City Hall. Once open for business in early 2020, Eagle Star House will provide design-led workspace with 500 desks located across eight floors.

Magell also has the capability to expand this exciting new offering by converting Beaufort House on Wellington Place, a 35,000 sq ft building occupying nine floors. This would add a further 600 desks to the new business.

Established in 1998, Magell Limited is a third-generation family business with two decades of experience in the office, commercial, retail and residential sectors. Magell has partnered with one of Northern Ireland’s leading authorities on flexible work space, Jamie McCoubrey.

Jamie will head up operations and the running of this new venture and will bring a wealth of experience and professionalism.

Ryan Walker, Director at Magell, commented:

“We have taken time to view the current best in class offering across the UK and internationally and we plan to take flexible office space in Belfast to a new level.

“Our prime city centre locations are close to the main transport hub and will offer businesses of all sizes unique access to private offices with flexible leases that facilitate their continued change and growth.

“Additionally, Eagle Star House will feature co-working space, meeting rooms, lounges, large roof terrace, and spaces for events and networking, all finished to a specification not seen before in Belfast.”

Jamie McCoubrey, who will operate the business and has more than 15 years’ experience in the flexible office sector commented:

“The needs of businesses are constantly evolving and that includes their requirements for workspace.

“As the first truly design-led flexible workspace in the city, our new generation offering will meet those needs by matching flexibility with exceptional style and quality.

“The buildings will feel more like hotels than offices, with a level of sophistication and detail that will rival anything currently available in Dublin and London.

“We have already received strong interest from clients seeking to join the next generation of flexible working and look forward to welcoming them through the doors early next year.

“We look forward to revealing more about our offering, our new brand, interior design and layouts in the weeks ahead.”

 

Eagle Star House Belfast CGI

A CGI of how the refurbished Eagle Star House in Belfast will look following an extensive refurbishment to provide design-led flexible workspace.

For more information on Magell Property visit www.magell.co.uk

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