Following a long running dispute between Dunnes Stores and NAMA, the owners of Ferrybank Shopping Centre has finally been revealed.
Following months of intense speculation, it was confirmed this morning at the Piltown Municipal District Council meeting that the centre is owned by Better Value Unlimited.
The company which was previously known as Dunnes Stores Limited, Dunnes Stores, Tacado, and Better Value, according to publicly held company records, is currently undertaking works within the centre.
The shopping centre, which accommodates Kilkenny Library, and Kilkenny County Council Municipal offices, has never had a commercial tenant since it was built in 2008.
Efforts over the past year saw numerous attempts to identify the owners of the shopping centre, including enquiries with NAMA, which proved fruitless.
Speaking following the announcement this morning, Cllr. Pat Dunphy for the Piltown District, told WLR News that the "Better Value Unlimited group are the owners, who are really Dunnes Stores."
He says: " After a lot of writing over and back with NAMA who told us nothing, they couldn't I suppose, we now know that it's Dunnes Stores."
Cllr. Dunphy says the building is kept in excellent condition and now that the owners are confirmed, there is a plan of sorts in place.
"The Council will be getting in touch with Dunnes to see what that plan is and how it can be progressed so that we don't have a white elephant sitting there any longer, " he says.
The shopping centre was built to a high specification in 2008 with:
- 30,000 m2 of retail and commercial floor space over a two storey basement car park
- 36,000 m2 of car parking for 1,200 cars
- Exceptionally high specification finishes to Mall and Office areas
- Composite panels and feature curtain wall glazing with enclosed roof plant room areas
- Residential element included apartments and live-work units
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