Previously known as Beaufort House and designed by Parker & Scott for Beaufort Developments (N.I.) Ltd in the early 1990s. The £1.7m construction contract was awarded to Gilbert-Ash in May 1994 and the building was completed in June 1996.
Magell Ltd acquired the building in April 1998.
Lotus Property acquired the building in February 2020 and submitted a planning application (LA04/2020/2606/F) in November 2020 proposing to replace the building’s facade, reconfigure the internal layout and extend the sixth, seventh and eighth floors. The application was approved in December 2021.
The building was renamed ‘The Well’ in 2021 and work to redevelop the former Beaufort House is expected to commence during 2022. More information: thewellbelfast.com.