Lagan Construction and Portuguese firm Somague Group have announced a joint venture (JV) to develop phase two of Ulster University's new campus in Belfast.

The contract is worth £150 million.

Construction on the overall £250 million, 75,000 square metre Belfast campus began in 2014 and is expected to complete in 2018.

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It is currently the largest building project in Northern Ireland and phase two will see two new blocks developed on York Street, directly opposite the existing campus building.

Colin Loughran, CEO, Lagan Construction Group said: "In a competitive market, Lagan Construction Group is delighted to have secured this project and to have forged a partnership with one of Europe’s largest construction companies, Somague. This is a landmark build in a key part of the city and one which will shape both the community and the construction sector for years to come."

(CD/MH)