The Paper Exchange

Last Update: 11 Feb 2019 | Planning Status Updated

The Paper Exchange is a proposed 11 storey mixed-use building on a site situated between Chichester Street and Gloucester Street. The scheme comprises approximately 200,000ft2 of grade ‘A’ office space over ground floor cafe/restaurant and basement car parking.

Wirefox and TSA Planning submitted a planning application (LA04/2017/2268/F) in October 2017. The application was approved in July 2018.

Eastwood Demolition commenced work in March 2018 to strip out and prepare Oxford and Gloucester House for demolition.

A public information event will be held on Thursday 21st February at Ten Square Hotel for proposed amendments to the previously approved application (LA04/2017/2268/F). Further information can be obtained from MCE Public Relations.


(nb. This webpage replaces three separate webpages previously published for the The Matic, Oxford House and Gloucester House. Information on these buildings can now be found below.)


43-47 Chichester Street (The Matic)

A vacant site previously occupied by a three-storey red-brick building (c1890 – April 2010). The site was placed on the market in 2008 and acquired by Village Homes (NI) Ltd in 2010.

Village Homes (NI) Ltd, TSA Planning and Like Architects submitted a planning application (LA04/2015/0619/F) in June 2015 proposing to develop a residential building stepping in height from 11-storey at Chichester Street to 13-storey at Gloucester Street. The proposed building comprised 75no. apartments, basement and ground floor car-parking, first floor swimming pool, private gym and an external landscaped courtyard at second floor. The application was approved in July 2016.

Marketing for the proposed £6.5m apartment building (The Matic) commenced during spring 2016 and construction was reported to begin during the same year. The proposed scheme was cancelled when the site was acquired by Wirefox during late 2016.


49-55 Chichester Street (Oxford House) & 57-63 Chichester Street (Gloucester House)

Oxford House is a 7-storey office building developed by Ulster Estates Ltd between 1971 – 1972. The building comprises ground floor (1,825 ft2) and six upper floors of office accommodation (17,850ft2 total).

Gloucester House is a 7-storey office building developed by Ulster Estates Ltd between 1971 – 1972. The building comprises ground floor (4,679 ft2) and six upper floors of office accommodation (51,506ft2 total).

The Gloucester House site was previously part-occupied by a four-storey red-brick building called Chichester Chambers (59 – 67 Chichester Street). Isaac Agnew Ltd’s Volkswagen showroom operated from no.63 Chichester Street until relocating to the Lisburn Road. The building was subsequently demolished and replaced with Gloucester House.

Both Oxford House and the interconnected Gloucester House were placed on the market by CBRE, on behalf of TJ Hamilton Developments Ltd, in September 2015 with offers invited over £5.75m for both buildings.

Wirefox (Chichester St Properties Ltd) acquired both properties in April 2016.

Both buildings were let to government departments from the 1970s until spring 2017. The buildings are now vacant awaiting proposed redevelopment.