Fermoy centre set for revamp as mart sells for €22.5m

A €22.5 million land deal is the sale of the half-century for a Munster livestock mart.

Fermoy Mart, occupying eight acres in the middle of the north Cork town since 1957, has been sold for a shop-dominated redevelopment, with Tesco and Dunnes now set to go head-to-head to anchor the future development.

The town plot was bought this week by the Love family’s Shipton Group, specialists in the retail shopping centre development business. The Loves control the two Douglas shopping centres, initially developed the Wilton shopping centre and have been behind the successful Blackpool Retail Park shopping centre.