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FOYLE WATERFRONT, the proposed major regeneration of the former city centre harbour area of Derry - Londonderry, Northern Ireland.

Lodged for planning permission in December 2004, the Princes Quay Building is of striking contemporary design. It comprises 100,000ft2 of high quality office space, built over the River Foyle.

McCormick Properties PLC, has been preparing this development since 1996.

Like so many examples before it, the once thriving port of Londonderry experienced rapid decline, with the reduction in dependence on navigable rivers and waterways. Such ports became totally redundant when the sole reason for their existence was taken away, and these spaces were not easily adapted, having served such a specific purpose.

Many cities have since grasped the opportunity to revitalise these areas and have turned them to the advantage, not only of the city, but of the entire region in which they had served in their original guise.

It is this vision that has been the driving force behind the Foyle Waterfront Development by McCormick Properties PLC, on the banks of the River Foyle in the city centre of Londonderry, Northern Ireland. This 600 million vision, to transform the waterfront and its core values of sustainable employment, economic symbolism for the youth and regeneration from within the community, has created a prestigious and world class scheme. The main emphasis is on quality public squares and cultural buildings, at the heart of what will be a unique focal point, as a waterfront destination.

A mixed-use development, Foyle Waterfront will deliver quality office, commercial and retail space over a ten year plan. Initial developments will highlight the potential for investors and tenants alike and act as the catalyst for further growth and major investment potential.