Titanic Quarter developers restructuring

Titanic Quarter Limited chief executive David Gavaghan is to leave his post, along with two other senior figures

The developers behind Belfast's Titanic Quarter are to restructure the business "following a review of costs."

The chief executive of Titanic Quarter Limited, David Gavaghan, is to leave his post, along with two other senior figures.

But the company - owned by Dublin-based Harcourt Developments - says it remains committed to Northern Ireland.

Its owner Pat Doherty said the "cost base was not proportionate to the business".

The company was behind the construction of the £97m Titanic Belfast visitor attraction, as well as other waterfront projects.

In a statement, Titanic Quarter said 13 staff would remain "to progress major developments, including projects in the film production, hotel and office sectors".

It added: "We are dedicated to ensuring that Titanic Quarter Limited remains a key driver for Northern Ireland's economy."

Mr Doherty said: "David Gavaghan and two other senior personnel have made a valuable contribution to growth at Titanic Quarter and we wish them well for the future.

"In particular I would like to thank David for his leadership and wish him every success."