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€80 million Sligo Town Centre Scheme Gets Go-ahead from An Bord Pleanala

Monday 8th December 2008. Treasury Holdings, the leading international property company, has today been given the go-ahead to develop its Sligo Town Centre scheme by An Bord Pleanala. The €80 million scheme, which will provide a new focus for retailing in Sligo, will be anchored by Dunnes Stores, Tesco’s and Penney’s and will comprise 30 shops, 1,000 car parking spaces, 27 apartments and 30,000 sq ft of office space.  It is hoped that construction will start in 2009 during which time 500 people will be employed at the site.  Once complete the scheme will create 500 direct and indirect jobs.

The development at Wine Street will be the centrepiece and heart of a new retail core for Sligo. Included in the development will be a new plaza, which will create a much needed quality public space for the people of Sligo. The new multi-story car park will provide modern parking facilities for those using the centre or accessing the rest of the town centre.

Mr. Niall Kavanagh, Director of Development at Treasury Holdings Ireland said, “We are delighted to have been finally given the go-ahead for this eagerly awaited and important scheme”

“It is important in the current market to offer a uniquely attractive product and I believe this is something the Treasury Holding’s Sligo Town Centre scheme does well. Sligo is seen as the centre for retailing for the Northwest of Ireland and as a result there is still significant demand for contemporary retail space.  Our scheme will deliver 30 new shops which will address the modern requirements of retailers and will include dedicated basement servicing. I am very hopeful that, with the support and goodwill of all involved, we can deliver this development in the shortest timescale possible”

“Parking in the town centre has been a real problem over the past number of years and an important factor in the development of the retail offering in Sligo is the delivery of modern car parking facilities. This issue will now be addressed with an additional 1,000 car parking spaces positioned directly above the Treasury Holdings scheme.  This car park will be directly accessible from the new Sligo Relief Road.”
 
“The scheme will also include two apartment blocks, the tallest of which will be 9 storeys high, which will offer all the convenience of Town Centre living with spectacular and unparalled views of Sligo’s countryside.  This coupled with the quality and value associated with all Treasury Holding’s developments means the limited number of apartments, 27 in total, should prove very popular,” he concluded”

Conor Ronan who is part of the development consortium and who is based in Sligo said, “Sligo is finally going to get the badly needed redevelopment of its town centre. Treasury Holdings will aim to attract top class national and international retailers to the scheme which will ensure Sligo Town Centre becomes the retail destination of choice for the people of the northwest of Ireland"