Published Saturday, 15 December 2012
The area has been cordoned off. (© UTV)
The centre was evacuated on Saturday evening following a telephone bomb warning.
Part of Royal Avenue and Millfield were also closed on what was one of the busiest days of the year in the city's commercial and social calendar.
A search operation was carried out but ended shortly after 6pm when nothing suspicious was found at the large complex.
Glyn Roberts of the NI Independent Traders Association said he hopes it hasn't put people off shopping in the run-up to Christmas.
"This is obviously the very last thing Castlecourt and city centre needed," he told UTV.
"I hope it won't have an impact and people won't be put off coming into Belfast city centre and I would encourage everyone to come out and support traders this week."
Alliance South Belfast MLA Anna Lo said shops will have lost a lot of trade because of the alert.
"I am saddened that shops have lost out on an afternoon's worth of trade as a consequence of this security alert," she said.
"Many are struggling to survive in the current economic climate and so rely on a good Christmas trade. The sustainability of some of these shops has been put at risk."
Police said the roads have now been reopened.
A statement continued: "The security alert at Castlecourt has now ended. Neighbouring streets have now all re-opened. Car owners can now return to their vehicles."
© UTV News