The BBC is this afternoon reporting that a major new development in Newry has gotten the green-light from planning authorities, and the go-ahead means Newry’s Warrenpoint Road will see a new development of shops, offices and social housing. The developer of the site is named as Parma Investments Limited which the BBC says is understood to be controlled by Larry Goodman, who most of you will associate with the prefix of “beef baron”. Larry – pictured here with a lionised recap of his career – became a household name in Ireland in the 1990s through his involvement with the Beef Tribunal which investigated improper political links with the beef industry. Since buying his business back out of bank control in the mid 1990s, Larry has apparently gone from strength to strength and is now Ireland’s 15th richest person, worth €750m reportedly. 75-year old Larry and his son Laurence have been involved in a number of property developments through their Parma Developments company, but for all of that Larry appears not to be associated with NAMA.
The development in Newry will see the demolition of the old Greenbank Industrial Estate and the construction of shops including a 100,000 sq ft food “superstore”, cafes, office space and 50 apartments. The BBC reportsNorthern Ireland Minister for Environment Alex Atwood claiming the development will create 1,130 new jobs.
The announcement from Northern Ireland’s Department of Environment is here, which sets out further detail about the development. You should be able to locate the actual planning application here on the Northern Ireland government planning website, but it appears not to be working presently.