Full steam ahead for Titanic L&G investment in Belfast

Legal & General has announced the funding of a £150 million residential development in Belfast, Northern Ireland, the largest residential investment in the region which will fund the development of 627 new homes.

The 627 homes form part of a residential development, known as Loft Lines, located within the Titanic Quarter on the River Lagan beside the Titanic Belfast Museum to be completed in 2026.

Belfast City Housing Land Summary shows that only 363 rental homes have been completed in Belfast city centre since 2015. This new development comprising 627 homes represent a 172% increase in total housing delivery since then.

Loft Lines is the first combined build to rent and mixed tenure affordable housing scheme in the region. It will include an additional 151 affordable homes, funded and operated by Clanmil Housing Association.

With a total of 778 new waterfront homes – comprising 627 BTR and 151 affordable homes – the Loft Lines scheme will repurpose the current brownfield site, and further catalyse the regeneration of the Titanic Quarter.

Andrew Kail, CEO, Legal & General Retirement Institutional said: “This significant milestone is a great example of how we’re investing in socially-useful, economically attractive assets and using pension savings to create vibrant and sustainable living environments.”