Business

Sunday 17 December 2017

New Gateway Retail Park plan submitted

Ronald Quinlan

Ronald Quinlan

Targeted Investment Opportunities ICAV has abandoned plans to develop a primary healthcare facility at the Gateway Retail Park in Knocknacarra, Co. Galway, having determined that the proposal is unviable.

The company - a partnership between investment funds administered by Oaktree Capital, the Bennett Group and Nama - has now lodged a new planning application with Galway City Council for the development of retail units, offices, a gym, a restaurant and crèche as part of its intentions to deliver the second phase of the scheme.

The amended proposal also includes a provision for 129 basement parking spaces, 22 surface spaces and 116 bicycle spaces.

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