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09/04/2014
Junction One Worth Less Than 10% Of 2009 Valuation
The latest accounts posted by Junction One Ltd, which runs the Junction One shopping centre, have revealed that the centre is now valued at £7.85m.
This is down from it valuation of almost £80m in 2009.
The accounts cover the 18 months to March 2013 and reveal that the outlet retail centre is now valued at less than 10% of what it was worth five years ago.
The latest valuation was carried out in May 2013, and saw the centre's value reduced from £30.3m to £7.85m.
The company is partially under control of an administrator after one of its main shareholders was placed in administration last year.
(MH/JP)
This is down from it valuation of almost £80m in 2009.
The accounts cover the 18 months to March 2013 and reveal that the outlet retail centre is now valued at less than 10% of what it was worth five years ago.
The latest valuation was carried out in May 2013, and saw the centre's value reduced from £30.3m to £7.85m.
The company is partially under control of an administrator after one of its main shareholders was placed in administration last year.
(MH/JP)
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Northern Ireland WeatherThis Evening and Tonight:Another cloudy and mild night with the odd spot of light drizzle. More widespread outbreaks of rain will spread southeast into western parts of Tyrone, Fermanagh and Derry late in the night. Minimum temperature 8 °C.
