New developer sought for Waterford North Quays development

Developer Falcon Real Estate was unable to meet funding requirements of €400m for the project

Artist's impressions of the proposed redevelopment of Waterford's North Quays.

A new development partner will be sought for Waterford's North Quays regeneration project after the current developer Falcon Real Estate was unable to meet funding requirements.

Waterford City and County Council confirmed on Monday that Falcon was unable to meet the funding pre-conditions of its contract despite the deadline being extended to May 15.