UK’s Assetz Capital has reportedly funded new addition to the Belfast skyline.
According to the update from Assetz Capital, the Belfast skyline will soon see a new building feature.
As mentioned in the announcement from Assetz Capital, the 84 unit serviced apartment development set over 9-storeys “is underway, with contractors having broken ground on the site at Dublin Road, Belfast.”
Following negotiations, the developer Z Property Group has “confirmed that they have secured Sonder as the operator.”
As explained in a blog post by Assetz Capita,, Sonder are a NASDAQ listed global hospitality operator “specializing in a variety of accommodation from hotel rooms to fully equipped suites and apartments.”
Sonder are found in over 40 markets around the world and “have recently announced a long-term partnership with Marriott International.”
With buildings already open in London, Dublin, Glasgow, and Edinburgh, this will “be Sonder’s first entry into the Belfast market.”
Z Property Group is to deliver the scheme, “seeking to complete for Sonder and opening by Q4 2025.”
The update further noted that the “scheme has been funded by Assetz Capital who, following this £9m loan, have funded over £160m of development finance lending in Northern Ireland, predominantly in residentially focused assets.”
Chief Commercial Officer Andrew Fraser commented on the funding:
“We are delighted to continue with our support of further funding in this region with Z. The scheme has been expertly pulled together by the team alongside Sonder as end user. My special thanks to the Assetz Capital team central to the deal – Ciaran McGivern and Ricky Humphreys.”
