Indian developer linked to €100m Limerick deal

BELFAST-based Indian property developer Suneil Sharma’s name has been linked with a Limerick city retail site debt acquisition worth over €100 million.

The deal, agreed on but subject to a number of preconditions, relates to the Parkway Valley site assembled by developer Liam Carroll’s company Alocin, and whose portfolio has been shifted to NAMA, with reported total group debts of €1.2 billion.

The 15-acre Limerick edge-of-city retail site was initially ear-marked for a Tesco store, as well as a Penneys. This week, Munster property sources said other brands who may have an interest in locating here could include Marks and Spencer, and Heatons.