David Gavaghan has been appointed as the new CEO of Titanic Quarter Limited following Mike Smith’s retirement. David has a background in property, infrastructure investment and project finance.
Titanic Quarter consists of 185-acres of former shipbuilding land in central Belfast and is one of Europe’s largest waterfront redevelopments. The mixed-use scheme is home to the stunning new Titanic Belfast visitor attraction which has welcomed over 200,000 visitors since opening in March this year. Titanic Belfast was a £97m investment funded by an innovative public private partnership involving the Northern Ireland Executive, Belfast City Council, Belfast Harbour and Titanic Quarter Limited.
Other major developments include Titanic Studios, one of Europe’s largest film studios with two new “Hollywood-ready” sound stages, an emerging financial services centre and other commercial, education, residential and leisure facilities. Around 4,000 people already work and live in Titanic Quarter which is home to some 100 indigenous and overseas firms.
Pat Doherty, Chairman of Titanic Quarter Limited, said:
“On behalf of the Board of Titanic Quarter Limited, I am delighted to welcome David Gavaghan as Titanic Quarter Limited’s new CEO. Much has been achieved so far, not least the opening of Titanic Belfast in March this year, which is establishing Titanic Quarter as a must see destination.
“Over the next few years the aim is to continue to create a thriving space which will be at the heart of Belfast’s ambitions to recast its international reputation. David’s wealth of relevant experience will help drive the next phase of Titanic Quarter’s development.”
David Gavaghan added:
“I am very excited to join the Titanic Quarter team and am looking forward to working closely with our stakeholders to continue the remarkable transformation taking place on site.
“The challenge is to maintain that momentum and play an important part in creating a city increasingly recognised for its enterprise and vitality. Before 2020, our aim is to attract at least twice the number of people currently living and working in Titanic Quarter today – achieving critical mass and a vibrant atmosphere of opportunity for all who live, work, study or come to be entertained.”
Prior to joining Titanic Quarter Limited, David spent the last two years with London-based Quintain Estates & Development plc. As Executive Director he was responsible for the specialist fund management business with assets under management increasing from £1bn to £2.3bn during this time. He was previously CEO of Northern Ireland’s Strategic Investment Board (2004- 2010) with responsibility for helping develop new infrastructure for the region.
Other positions have included Director at Hambros Bank, specialising in property and tax-based finance, and Head of the Department of Trade & Industry’s Industrial Development Unit, responsible for assessing mobile inward investment across the UK.
In September 2008, he received a Fellowship of the Institution of Civil Engineers. David and his wife Helen live in Killinchy, Co. Down and have seven children.