Value of derelict shopping centre site drops €80m in 2 years

A SITE in Limerick, bought for the development of a massive shopping centre has fallen in value from €92.2 million two years ago, to a current value of €12.5m.

Value of derelict shopping centre site drops €80m in 2 years
Wed, 20 Jul, 2011 - 01:00
Jimmy Woulfe, Mid-West Correspondent

The proposed €350m Opera Centre was hailed as a shopping mecca of the future.

The site consisted of 44 separate properties in the Patrick Street area, which is now lying idle.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

Benefit image

Limited offer valid for new and returning customers. Annual billed once for first year. Monthly (discount first 3 months) billed monthly, then €12/month. Ts&Cs apply.

WhatsApp logo

Irish Examiner’s WhatsApp channel

More in this section

An Post unveils limited edition stamp collection to celebrate 25 years of Westlife An Post unveils limited edition stamp collection to celebrate 25 years of Westlife
Architect designing a commercial building Hundreds of planning applications could be 'deemed to be technically invalid'
Donald Trump visit to Ireland Taoiseach: Trump would be 'welcomed' as Doonbeg confirmed as 2026 Irish Open venue
CourtsPlace: LimerickPlace: Opera CentrePlace: Patrick StreetPlace: Limerick City CentrePerson: MayorPerson: Jim LongPerson: Minister for FinancePerson: Michael NoonanPerson: LongPerson: NoonanOrganisation: Limerick City CouncilOrganisation: theLimerickOrganisation: Opera Centre
<p>The proposed site of the Cork Events centre beside Beamish and Crawford last year. The long-delayed project has entered a fresh procurement process. Picture: Chani Anderson</p>

Project management delivery team appointed for long-delayed Cork Events Centre project

READ NOW

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Latest

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited