Ulster Bank and Titanic Group announce £92m deal


Ulster Bank and Titanic Group announce £92m deal

Ulster Bank has renewed bank facilities with the Titanic Group through to December 2016.

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05 September 2013

Ellvena Graham, Head of Ulster Bank, Northern Ireland and David Gavaghan, Chief Executive of Titanic Quarter Limited

Ulster Bank has been Titanic Group's funding partner since 2007 when development of the huge 185 acre site commenced.

During this time the principals at Titanic Quarter have delivered the ARC apartments, Gateway Office, Belfast Metropolitan College, the Public Record Office of Northern Ireland, Premier Inn hotel at Titanic Quarter, Titanic Film Studios and the Titanic Belfast visitor attraction.

Ellvena Graham, Head of Ulster Bank, Northern Ireland said: "Ulster Bank is delighted to be able to extend our relationship with Titanic Group as lead funder to this major development project that is transforming a key part of Belfast. Titanic Quarter is now attracting global interest and we are very pleased to be a key strategic partner in its ongoing success."

David Gavaghan, Chief Executive of Titanic Quarter Limited,said: "We are delighted to have completed the renewal of our facilities with Ulster Bank to the end of 2016. This agreement provides the platform to develop further Titanic Quarter and we appreciate the consistent and strong support we have received from Ulster Bank over the past six years."

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