Harland And Wolff Properties Ltd News

Norway's Fred Olsen Energy is buying the real estate interests of its Belfast, Northern Ireland shipyard Harland and Wolff for $67.2 million to boost the yard. "This is to improve Harland and Wolff's position to succeed in competing and obtaining orders," Senior Vice President Leif Dons said. Fred Olsen Energy owns about 70 percent of Harland and Wolff. Fred Olsen Energy is buying the so-called Titanic Quarter with about 100 acres (40.47 hectares) of land in Belfast and 35 acres of partly-developed commercial land beside the yard. "We're taking the property development away from Harland and Wolff to let the yard concentrate on securing jobs," Dons said.