Wednesday 20 September 2017

Shopping centre site was meant to make tills ring

Siobhan Creaton

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.

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