• Home
  • NAMA property for sale
  • About
  • The Developers
  • The Tranches

NAMA Wine Lake

Click the green link above for latest news and over 2,600 related articles. NAMA – National Asset Management Agency – part of Ireland's response to its banking crisis and property bubble

Feeds:
Posts
Comments
« UK judge rejects Irish couple’s bankruptcy bid
IBRC’s protocols come under spotlight as employee buys €2m home formerly subject to IBRC mortgage »

NAMA developer wins Derry beauty contest

December 22, 2012 by namawinelake

The Northern Ireland environment minister, the SDLP’s Alex Atwood has capped a manic year of approving major planning applications in Northern Ireland where the local economy and jobs have been to the fore of the Minister’s decision-making, and yesterday, we learned that (London)Derry is to get a major new Asda store after the Minister examined a number of schemes for retail development, approving one and rejecting three.

The developer, Genova North West, has received the green-light for the GBP 30m (€37m) development of the Asda store at the Crescent Link Retail Park in the Waterside east of the city. Locals including the Chamber of Commerce seem delighted that there will be a major Asda outlet in the city, which will both attract shoppers and deter city residents from travelling to Strabane for their shopping. The Asda store will replace an existing Homebase store at the Crescent Link site.

There are at least five other proposals for major development in (London)Derry and yesterday, three received the thumbs-down from the environment minister. D&A Properties’ plans for a 15,000 sq ft food store in Drumahoe was refused because of its potential impact on other stores and transport facilities. A rival plan to bring Sainsbury’s to the Crescent Link by developer GSB Guernsey Trading Limited were refused outright yesterday. And finally, a plan to develop a Tesco store in the west of the city was also rejected.

NAMA developer, the McGinnis group and their company, Caw Properties Limited, wait to hear if their plans to develop a 100-bed hotel and retail facility in the east of the city are approved, as does Niche Drinks which is planning to develop its premises on Rossdowney Road, also in the east of the city.

Genova is controlled by the Newry-based Murdock family, best known for a range of shopping centres in Northern Ireland and the UK, as well as nursing homes. In September 2011, the BBC reported that some of its loans had been transferred to NAMA, though it also had loans from non-NAMA banks, including Bank of Scotland (Ireland). It is not known if NAMA will have any involvement in the development of the Asda store in (London)Derry but in October 2012, the Northern Ireland Minister for Finance and Personnel, Sammy Wilson said that NAMA had approved over €125m of advances to Northern Irish developers, though some of this will have been for projects outside Northern Ireland.

Advertisement

Share this:

  • Twitter
  • Facebook
  • Reddit

Like this:

Like Loading...

Related

Posted in Banks, Developers, Hotels, NAMA, Non-Irish property, Northern Ireland |

  • Recent Posts

    • Test – 12 November 2018
    • Farewell from NWL
    • Happy 70th Birthday, Michael
    • Of the Week…
    • Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of European Commission commitments
    • Gayle Killilea Dunne asks to be added as notice party in Sean Dunne’s bankruptcy
    • NAMA sues Maria Byrne and Graham Byrne in Dublin’s High Court
    • Johnny Ronan finally wins a court case
  • Recent Comments

    Wisemama on Eddie Hobbs’s US “partner” fir…
    Dorothy Jones on Of the Week…
    Sean Bean on Eddie Hobbs’s US “partner” fir…
    John Foody on Of the Week…
    Wisemama on Eddie Hobbs’s US “partner” fir…
    otto on Of the Week…
    Frank Street on Of the Week…
    Wisemama on Eddie Hobbs’s US “partner” fir…
    John Gallaher on Of the Week…
    John Gallaher on Of the Week…
    who_shot_the_tiger on Eddie Hobbs’s US “partner” fir…
    Sean Bean on Eddie Hobbs’s US “partner” fir…
    otto on Of the Week…
    Brian Flanagan on Of the Week…
    Robert Browne on Gayle Killilea Dunne asks to b…
  • Twitter Updates

    Tweets by namawinelake
  • Click on date for that day’s posts

    December 2012
    M T W T F S S
     12
    3456789
    10111213141516
    17181920212223
    24252627282930
    31  
    « Nov   Jan »
  • Blog Stats

    • 5,119,917 hits

Create a free website or blog at WordPress.com.

WPThemes.


Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
  • Follow Following
    • NAMA Wine Lake
    • Join 1,326 other followers
    • Already have a WordPress.com account? Log in now.
    • NAMA Wine Lake
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Copy shortlink
    • Report this content
    • View post in Reader
    • Manage subscriptions
    • Collapse this bar
%d bloggers like this: