Menu
09/08/2010
Focus On Newry's Albert Basin Revival
Newry and Mourne District Council is moving closer to making a decision on the future of the city's historic Albert Basin site.
In what could still provide a major fillip for the local construction industry, bids are now being reviewed for the site situated between the Clanrye River and Newry Canal and has become significant because of its strategic location directly opposite the multi-million pound Quays Shopping Centre development.
The council-owned land was advertised for sale at the beginning of March this year.
Parker Green International, Newry-born tycoon Dr Gerard O'Hare's property development and investment firm, owns the Quays and has offered £10m for the Albert Basin site on an earn-out basis over ten years.
The firm also offered to assist Newry and Mourne council to develop the Meadow leisure complex.
A meeting is expected to take place in September to make the decision which could kick-start a multi-million building project.
The property company has recently secured a a huge financing deal to help fund part of its development of a new shopping complex in Slovakia.
Two banks, based in Slovakia and Austria, have agreed to lend €40m to Parkergreen International for the project in Tvarna.
Parkergreen International, set up by property developer Gerard O'Hare, owns the Quays Shopping Centre in Newry.
Mr O'Hare said that he had every confidence in the new project.
(BMcC/GK)
In what could still provide a major fillip for the local construction industry, bids are now being reviewed for the site situated between the Clanrye River and Newry Canal and has become significant because of its strategic location directly opposite the multi-million pound Quays Shopping Centre development.
The council-owned land was advertised for sale at the beginning of March this year.
Parker Green International, Newry-born tycoon Dr Gerard O'Hare's property development and investment firm, owns the Quays and has offered £10m for the Albert Basin site on an earn-out basis over ten years.
The firm also offered to assist Newry and Mourne council to develop the Meadow leisure complex.
A meeting is expected to take place in September to make the decision which could kick-start a multi-million building project.
The property company has recently secured a a huge financing deal to help fund part of its development of a new shopping complex in Slovakia.
Two banks, based in Slovakia and Austria, have agreed to lend €40m to Parkergreen International for the project in Tvarna.
Parkergreen International, set up by property developer Gerard O'Hare, owns the Quays Shopping Centre in Newry.
Mr O'Hare said that he had every confidence in the new project.
(BMcC/GK)
Related Northern Ireland News Stories
Click here for the latest headlines.
05 January 2007
Regeneration champion appointed for Newry
Social Development Minster David Hanson has today announced the appointment of a regeneration champion for the Greater Newry area.
Regeneration champion appointed for Newry
Social Development Minster David Hanson has today announced the appointment of a regeneration champion for the Greater Newry area.
15 May 2014
£250k Resurfacing Announced For Newry Road
A major £250,000 road resurfacing scheme has been announced for the A25 Newry Road. The works will comprise of approximately 0.65km of carriageway resurfacing of the A25 Newry Road through Camlough village, from south of the U1583, known as Hall Road, to just beyond C217 Chapel Road roundabout.
£250k Resurfacing Announced For Newry Road
A major £250,000 road resurfacing scheme has been announced for the A25 Newry Road. The works will comprise of approximately 0.65km of carriageway resurfacing of the A25 Newry Road through Camlough village, from south of the U1583, known as Hall Road, to just beyond C217 Chapel Road roundabout.
09 October 2014
£5.5m To Open Up Queen's Quay Development
A £5.5m investment is opening new access for cyclists and the potential for future development of the Queen's Quay area in Belfast.
£5.5m To Open Up Queen's Quay Development
A £5.5m investment is opening new access for cyclists and the potential for future development of the Queen's Quay area in Belfast.
30 September 2013
Funding Released For Newry Docks Project
£68,750 of funding is to go towards a new Maritime history project on the docks areas of Newry. The project will see the commissioning of a sculpture, production of a written history of the docks and the development of an educational programme in conjunction with local schools. Minister Nelson McCausland announced the funding today.
Funding Released For Newry Docks Project
£68,750 of funding is to go towards a new Maritime history project on the docks areas of Newry. The project will see the commissioning of a sculpture, production of a written history of the docks and the development of an educational programme in conjunction with local schools. Minister Nelson McCausland announced the funding today.
12 November 2008
Warrenpoint Marina Development Viability Study Launched
A feasibility study to assess the merits of developing a marina in Warrenpoint has been started. Newry and Mourne District Council has teamed up with Warrenpoint Harbour Authority and commissioned a study to look at the possibility of providing a state-of-the-art maritime facility in the popular Co Down tourist spot.
Warrenpoint Marina Development Viability Study Launched
A feasibility study to assess the merits of developing a marina in Warrenpoint has been started. Newry and Mourne District Council has teamed up with Warrenpoint Harbour Authority and commissioned a study to look at the possibility of providing a state-of-the-art maritime facility in the popular Co Down tourist spot.
-
Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
