Wed, 05 Oct 2011 | BUSINESS SALE
The stalled Opera Centre development on Patrick Street in Limerick, Ireland, has been put up for sale for the second time.
The commercial site – which was tipped to become ‘Limerick’s shopping mecca,’ and comprises more than 40 properties - was initially sold for €110 million five years ago by Belfast developer Suneil Sharma.
In 2008, the Opera Centre, which was meant to become an enormous shopping complex, was valued at €92.2 million, however its value has now fallen to just €12.5 million.
The developers, Jerry O’Reilly, Terry Sweeney and David Courtney from Regeneration Developments, have now ordered the sale of the 3.2 acre development, which comes complete with planning permission for a multi-storey shopping centre with 414,855 square feet of retail space.
The site, which also includes approval for a large underground carpark, is to be marketed through commercial estate agents Savills.
Meanwhile, the original developer Suneil Sharma has now moved his interests onto another stalled commercial development, the former Parkway Valley site located on the Dublin Road. An extension on the planning permission is now expected to be granted for the 426,792 square foot retail complex.
An exceptional opportunity awaits in Goole for those looking to secure a foothold in the construction industry. This is more than a business; it’s a chance to lead a company known for its dedication to quality and service.
A unique opportunity has arisen to acquire a historic coaching inn, which originated as a tin hut dating back to 1438! The current building has been in situ for approximately 200 years and has recently undergone extensive refurbishment and a large ex...
FREEHOLD
A great opportunity has arisen to secure this highly profitable civil engineering company based in North Wales which covers North Wales and the North West.The company which is a family run business but has over 30 years experience in the groundworks...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.