Social enterprise’s future in doubt as new Kainos HQ to be built on site
THE future of Trademarket street food outlet has been thrown into uncertainty after IT firm Kainos announced that planning permission has been approved for its new headquarters on the Dublin Road site.
Permission was granted by Belfast City Council’s planning committee meeting for Kainos’ Bankmore Exchange HQ, and for Queen’s University to develop managed student accommodation next to the software giant’s building.
The company’s temporary leasing agreement with Trademarket, which currently occupies the site, will end on July 31. The Belfast Telegraph has asked the social enterprise about its future plans.
Kainos had originally planned to build on the whole site — once occupied by the Movie House cinema — but later revised down its scheme after selling part of the land to Queen’s.
The construction of the new Kainos HQ is set to begin in September and the project is scheduled for completion within 24 months, with Kainos aiming to take occupancy in early 2027.
The tech firm said the news signifies a major investment in the regeneration of the city’s Linen Quarter.
“The project will provide a state-of-the-art workspace for its people and contribute significantly to the economic and social fabric of Belfast,” it said.
Kainos CEO Russell Sloan added: “We are delighted to have received planning approval, and it is exciting to know we will be moving into our new headquarters at Bankmore Exchange in just a few years.
“This development not only marks a significant milestone in our journey, but also reaffirms our commitment to Belfast, the city where Kainos was founded.
“As we look to the future, we are eager to continue making a positive impact, driving growth, and creating new opportunities in the region. I would also like to take a moment to thank Trademarket for their partnership. As they move on to new ventures, we wish them every success.
“Kainos is dedicated to fostering community development and enhancing the technological landscape in Belfast. The company is eager to see the positive changes its new headquarters will bring to the local community and industry.”
Last year the FTSE 250 company announced it would invest £10m in the advancement and scaling of generative AI.
It says that will “foster innovation, elevate client experiences, and drive digital transformation for its clients”.
Kainos also reported turnover up by 24% year on year to £374.8m in the 12 months to March 31, 2023.
Meanwhile, Queen’s is planning to welcome students to its new facilities for the beginning of the 2026 academic year.