| 14 June 2011 |
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The Outlet Jobs 'Secure' |
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Jobs have so far been secured at a struggling Co Down shopping complex.
A leading NI bank is 'moving into retailing' with news that the Ulster has taken control of The Outlet shopping centre outside Banbridge.
The £70m site is the biggest factory shop in Ireland and opened in 2007. A spokesman for the bank said yesterday that it had promised to work with the centre management to secure its long-term success.
The Outlet has 82 stores, employing approximately 500 full and part-time staff from the Banbridge area. The business is continuing to trade normally.
An official statement said that: "West Register (Northern Ireland) Property Limited, a specialist property asset management company wholly owned by Ulster Bank, has purchased The Outlet, Banbridge," after the owner, Guernsey-based developer, John Farmer, ran into recession-based financial problems.
The satement continued: "West Register (Northern Ireland) Property Limited will work with the Centre's management team to secure the long term success of The Outlet."
(BMcC) |
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