Articles tagged with: Monaghan Shopping Centre

MONAGHAN SHOPPING CENTRE TAKEN INTO RECEIVERSHIP – BUT IT’S BUSINESS AS USUAL

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2 Mar 2012 Comments Off on MONAGHAN SHOPPING CENTRE TAKEN INTO RECEIVERSHIP – BUT IT’S BUSINESS AS USUAL

The Northern Standard has learned that Monaghan Shopping Centre, an asset owned by Newbay Properties partnership, went into receivership on Friday, February 17th, a KPMG spokesperson confirmed. KPMG were appointed as receiver to the property, which continues to run as a going concern. Back in March 2011, Newbay enlisted the services of TDK Commercial Property Consultants as managing agents to Monaghan Shopping Centre, as is still the case. Despite the receivership, it is business as usual, as KPMG have no plans to sell the shopping centre. There will be no job losses, as the ...