Administrators appointed to Derry property subsidiaries

A huge property investment company run by two Derry brothers is in trouble, with 28 of its 75 subsidiaries being placed into administration.

The brothers, Patrick and Hugh Hegarty, are behind W G Mitchell, which owns a shopping centre in Derry and other properties in Edinburgh and Glasgow.

The administrators say the companies have been operating in a challenging marketplace where their trading model was unsustainable.