Dozens of new rental flats for the elderly will be built in King’s Hall, south Belfast, as part of the wider £100million regeneration of the 16-acre site.
The £14million investment by Choice Housing will provide the 45 one- and two-bedroom apartments for the over-55s as well as 36 private rentals, which will be let through Maple and May.
It is the latest addition to the King’s Hall Health and Wellbeing Park currently being developed by Benmore of Belfast and UK property investor Octopus, which manages £2bn of assets.
Development of the iconic Lisburn Road site, by purpose-built vehicle Benmore Octopus, envisions a mix of residential development, retail and leisure facilities, alongside businesses involved in the medical and life sciences sectors.
Choice Group Managing Director Michael McDonnell said: “Investing in mixed residential living is a long-term commitment for Choice and being part of this regeneration project allows us to further demonstrate the benefits of this as a long-term sustainable housing option.
He added: “There has been significant investment in the Belfast City Council area with 15 developments completed over the last three years, an investment of over £66m which further demonstrates our commitment to meeting the need growing supply of quality affordable housing in the Belfast area”. .
H&J Martin Construction has been awarded the contract to build the subdivision off Balmoral Avenue, with an estimated completion date of May 2024.
The development will also be serviced by private parking, a common amenity area and part-time concierge service.
Kevin McKay, President of Benmore Octopus, said, “We are delighted to welcome Choice Housing to Kings Hall Health and Wellbeing Park. The development will enrich the mix of occupants on the site and help realize our vision of creating an offering that delivers the future of healthcare.