Shopping centre site was meant to make tills ring
Published 12/03/2011 | 05:00
PHILIP Lynch first heard about a lucrative property investment from Jerry Conlan, a property developer he knew who had found an 86-acre site in Waterford that could become the city's main shopping centre and make them €20m.
There were limited opportunities in this medieval city to build a big enough retail centre to attract the likes of Marks & Spencer, which was considering opening a shop in the south east.
Mr Conlan, who had a good track record in spotting opportunities, believed the Kilbarry site could become an out-of-town shopping and residential development.