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Dublin: 9 °C Saturday 1 November, 2014

Largest shopping centre in the midlands enters receivership

Grant Thornton have been appointed as receivers in an agreement that includes the shopping centre, car park, and a number of apartments.

Athlone Town Centre Shopping Centre, on Sean Costello Street
Athlone Town Centre Shopping Centre, on Sean Costello Street
Image: Screengrab via Google Maps

THE LARGEST SHOPPING centre in the midlands has entered receivership.

AIB appointed Stephen Tennant and Paul McCann of Grant Thornton as receivers to Athlone Towncentre Shopping Centre, in a move said to have been agreed by mutual consent.

All units within the centre are unaffected by the deal and will continue to trade as normal.

As well as the shopping centre and 1300-capacity car park , a number of apartments are included in the appointment, 150 of which are currently being rented.

Stores in the centre include Jack and Jones, Marks and Spencers, Topshop, Zara, and Next.

Read: Four A|wear stores remain open following examiner appointment >

Explainer: What does liquidation, examinership and receivership mean? >

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