Coonagh centre sale ‘priority’ for receiver

THE receiver appointed to the Limerick-based Chieftain Construction Group said yesterday that he is “hopeful and optimistic” over the future of the group’s main asset, the Coonagh Cross Shopping Centre.

Gearoid Costello of Grant Thornton said that Chieftain has a number of other sites, but that the shopping centre on the northern outskirts of Limerick “is our top priority”.

The first phase of the 42-acre retail park opened in 2007. Tesco operates the sole anchor retail outlet at the shopping centre and owns its outlet there.