The Quays sold for £17m – reports

By Michael Scott
Published 5th Feb 2024, 10:15 BST
Updated 5th Feb 2024, 10:15 BST
The Quays, Newry.The Quays, Newry.
The Quays, Newry.
The Quays Shopping Centre has reportedly been sold.

Cork businessman Tom Coughlan's Urban Green Private (UGP) has bought the centre for €20m (£17m), according to reports in the media this morning.

A deal has been struck with administrators who had taken over the centre in 2022.

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It is a major acquisition for UGP, who bought the Douglas Village Shopping Centre in Cork last year for €23m (£20m).

It is understood that they see the Newry centre as a key location on the Belfast to Dublin corridor.

UGP also owns Castletroy Shopping Centre in Limerick, the Town Centre in Shannon and the large Bridgwater Shopping Centre in Arklow, Co Wicklow.

The Newry Reporter has contacted UGP for comment.