Oakland Holdings, the company led by developer Gareth Graham, is to take forward the major seafront development in Bangor.
Guy Hollis from Oakland Holdings has said the Belfast based developer, who successfully delivered Merchant Square and Room2 in Belfast alongside other commercial and residential projects across Northern Ireland has said the company is excited to be part of the team delivering the long term regeneration of Bangor.
“We are delighted to announce that The Crown Estate has now signed all outstanding legal agreements and Oakland Holdings has acquired Farrans shareholding in Bangor Marine Ltd. This formalises Oakland’s partnership in this transformative project, which will put Bangor on the road to long-term and sustainable regeneration. The behind-the-scenes work over recent months to bring us to this point has been, by necessity, painstaking and complex, and we are acutely aware that the people of Bangor want to see immediate progress with the job of restoring the city centre’s economic and cultural vibrancy. We share that vision and enthusiasm.
“In partnership with Belfast Commercial Funding, Oakland Holdings has successfully delivered landmark projects across Northern Ireland, most recently in Belfast’s city centre, including Belfast’s first low-carbon aparthotel and the environmentally award-winning Merchant Square, PWC’s largest UK office outside London. Transforming ambitious plans into reality, while prioritising sustainability, is what we do, and we will apply this determination to Queens Parade.
“We acknowledge the frustration of the community and local business and civic stakeholders that this exciting regeneration project has been delayed and we are committed to delivering the long overdue re-imagining of Queens Parade. Our team is already working closely with the Karl Group, Ards & North Down Council, and the Department for Communities to ensure the city reaches its full potential with a fitting waterfront development that returns Bangor to its status as a premier coastal destination for residents and visitors.”