McAleer & Rushe take over Belfast Telegraph building & awarded major new contracts
McAleer & Rushe make series of major announcements in opening week of February 2016…
There have been a number of significant recent announcements for Tyrone Company, McAleer and Rushe and the latest will see the Cookstown firm take over one of the most monumental buildings in Belfast.
Having made the headlines just over a year ago in Tyrone GAA circles when announced as the new sponsor of the Tyrone GAA teams, this latest big news will see the firm take over the offices on Royal Avenue as the newspaper prepares to move to a new centre in Newry.
A statement from Property Director Stephen Surphlis said:
“I am delighted to confirm that McAleer and Rushe has exchanged contracts to acquire the landmark Belfast Telegraph Building on Royal Avenue. This is a very exciting acquisition for the company. We are looking forward to working up proposals for this well-known building, which will enhance our city and give a further boost to our local economy.”
Independent News and Media Limited announced last August that the Telegraph would be moving from its city centre offices. A statement said that while it was closing its printing operation in Belfast, INM “remains committed to its publishing business which will continue as normal”. It currently prints the Irish editions of several national newspapers, plus its own titles – which include the Belfast Telegraph, Sunday Life and Sunday World.
McAleer and Rushe also announced earlier this week as having secured the very lucrative £52 million contract to build a 1,000 Bed Student Scheme in Portsmouth. Indeed that came shortly after the news that the company will also take on the £26m Design and Build contract with Urban&Civic to build Europe’s largest Hampton by Hilton at Stansted Airport.
Martin Magee Managing Director, McAleer & Rushe Contracts UK said:
“This contract marks an important milestone in the redevelopment of the now derelict Zurich House, which has been an important talisman building for many in Portsmouth. This regeneration will have a significant revitalizing impact of this area around Portsmouth & Southsea Station. Our new partnership with Threesixty is leading to further opportunities in development and construction for both companies in the UK and Ireland.
“McAleer & Rushe is also currently working on our first project together. It is an £18m contract to build Threesixty a 356 bedroom 8-storey student accommodation scheme – Back Of The Walls – Southampton, which is set to complete in August 2016.”