The 23 acre Odyssey complex at Queen’s Quay was developed between 1998 – 2001 as the ‘Landmark Millennium Project’ for Northern Ireland. The full site is owned and operated by The Odyssey Trust Company on a long lease from Belfast Harbour Commissioners. On completion in 2001 the site comprised a 10,000 seat indoor arena, W5 science centre, IMAX cinema, bowling complex, restaurants, bars, clubs and 1,500 space car park. The development was part funded by the Millennium Commission (£50m) and totalled an investment of c£150m.
A 242,057 ft2 leisure complex comprising a 12 screen cinema, 20 lane bowling alley, £4.2m IMAX cinema (operated from 2000 – 2007), restaurants, bars and clubs.
Sheridan Millennium Ltd owned a long term lease on the Odyssey Pavilion until it was placed into administration in May 2010. The Pavillion was placed on the market in September 2012 with offers invited above £10m. In April 2014 it was reported that Omniplex Holdings had submitted an offer to purchase the Pavillion. In May 2014 the Odyssey Trust (the charitable company that owns and manages the entire Odyssey site) declined the offer which was reported to be less than £10m. The Odyssey Trust issued a statement which explained that the conditions of the offer “would prejudice and undermine the trust’s ability to manage the scheme effectively and protect the public investment”.
The administrators June 2017 progress report notes that an offer of £7.5m was accepted for the leasehold property interest and the sale of the Leasehold completed in February 2017. The report also notes that £550,000 was received from Odyssey Property Company for part of the Pavilion leasehold (Units 3&4).
Matagorda 2 (Isle Of Man) and Turley submitted planning applications in March and October 2017 (LA04/2017/0753/F & LA04/2017/2361/F) proposing a c.£10m refurbishment of the Odyssey Pavilion main entrance and interior (including bowling alley and cinema) and reconfiguration to provide 16no. bar/restaurant units, health club, arena hospitality suite and climbing wall.
W5 (Who What Where When Why) is a science centre / educational venue owned by the Odyssey Trust Company and located on three upper floors above the Odyssey Pavilion.
W5 submitted a planning application (LA04/2017/2165/F) in September 2017 proposing to reconfigure the existing W5 science museum and extend into the vacant Bar Budda nightclub unit for use as retail on ground floor and exhibition/cafe on first floor.
Gilbert Ash have been appointed undertake a £4.5m expansion and refurbishment of W5. The work will commence during autumn 2017 and take approximately two years to complete. The £4.5m investment is funded by £3m from the Inspiring Science Fund and £1.5m from The Odyssey Trust.
A 10,000 seat indoor arena with olympic size ice rink. The arena is operated by SMG under a management agreement with The Odyssey Trust Company. Known as the Odyssey Arena until 2015 when the arena rebranded to The SSE Arena Belfast.
Car Park / Odyssey Quays
A 1,500 space car park is located to the south of the Odyssey Complex and is managed by The Odyssey Trust Company. Outline planning permission was granted in November 2013 to redevelop the car park site to include c800 residential units, 2no. hotels, offices, retail, leisure and community uses and multi-storey car parking. See Odyssey Quays for more information.