Building a new waterfront for Bangor
Bangor Marine focuses on bringing together people to Live, Work, Visit and Stay. When completed it will be one of Northern Ireland's largest urban waterfront regeneration projects. Primarily focused on lands at Queen’s Parade and Marine Gardens car park. This ambitious regeneration project will play a vital role in the future economic success of the town.
Bangor Marine Limited is a joint venture partnership between Karl Group and Farrans created specially to deliver the project. The two companies bring specialist experience and skills. Karl Group are a NI Property Development Company with a vision to ‘Create Places that Enhance the Lives of People’. They specialise in delivering projects that focus on this vision and provide long term investment opportunities. Farrans is a leading NI contractor of over 70 years with experience in delivering landmark projects that make a genuine and lasting impact on local communities.
The development site focuses on lands at Queen’s Parade and the area currently used as Marine Gardens’ car park. The regeneration of the Queen’s Parade area will play a vital role in the future economic success of the town. This £50 million investment will provide the opportunity to create a premier waterfront destination for Bangor, and for Northern Ireland. The scheme will attract further investment and will support the town centre’s future, as well as the economic vitality of the whole Ards and North Down area.
“This is yet another major step in the right direction towards seeing this long awaited development delivered for the people of Bangor. This exciting scheme will create jobs, shops, offices and homes, and regenerate an area of the town that has been run down for some time..”
“This is hugely exciting and moves us another step closer to our vision of bringing life back to Queen’s Parade and giving a much needed boost for the whole town. We want to create a place for local people and visitors to enjoy, a place to live, socialise and soak up the wonderful sea views.”
“The Queen’s Parade development, combined with the Council’s own plans to regenerate Bangor Waterfront, offer the potential for more than £110m of investment to come into the town delivering new attractions, accommodations and commercial opportunities.”