BANK OF Ireland has appointed administrators KPMG to Letterkenny Retail Park, donegaldaily.com has learned.
The park, including household name tenants like Dunnes, Boots, Tempest and Marks & Spencer, was jointly developed by the company Newbay Doherty, a joint venture between local developer Patrick J Doherty and another Irish developer, Newbay.
The move does not affect any of the retail outlets currently operating from the sites.
The site includes 19 retail units with a total of 22,500 sq m of retail space as well as 1,150 sq m of office space in two units plus 18 flats.
Leading retailer Dunnes Stores occupies a 7,897 sq m store for both grocery food as well as clothing and household goods.
The DIY retailer Homebase occupies the next largest unit of 2,602 sq m along with a garden centre of 929 sq m.
The Bank of Ireland was unavailable for comment when contacted by donegaldaily.com
One tenant told us that they had been in touch with KPMG and were told that operations will continue as normal.
The parks were part of a €35M development in the town over several years in the middle of the last decade.
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