The site is currently occupied by a four-storey cinema building comprising 10no. screens, two commercial units at ground floor and a 500 space multi-storey car park. The £12m scheme was designed by Consarc Design Group and developed by the Sheridan Group between 1992 – 1993 (planning ref: Z/1990/2630).
Richland Belfast One Ltd (part of the Richland Group) submitted a planning application (LA04/2017/0562/F) with in March 2017 proposing to demolish the existing cinema building (excluding the multi-storey car park) and develop a 12 storey Grade A office building comprising eleven floors of offices (250,000ft2) above a ground floor foyer and retail units (7,500ft2) and basement parking (50 spaces). The proposal also comprises refurbishment of Bankmore Square open space and public realm works to adjacent footpaths. The application was recommended approval in May 2017. The proposed £65m scheme was designed by Todd Architects.
Kainos Group plc announced in February 2019 that it has agreed to acquire the site from Movie House Cinemas Ltd for the development of Kainos’ future Belfast headquarters. The purchase price is £7.05m, with a 10% deposit paid on exchange and the balance due upon completion (expected June 2019). Kainos are expected to submit a revised planning application during 2019 for a 120,000ft2 office building.