Rushmere Shopping Centre, one of Northern Ireland’s largest shopping parks, has been bought out of administration by a joint venture between two local private investment companies.
The move comes some 10 months after Grant Thornton was appointed as administrator to parent company of the retail park Central Craigavon Limited, during which time it has continued to trade as usual.
The sale was for an undisclosed sum but the complex had been on the market for offers in excess of £57 million. The buyers is Killahoey Ltd, a joint venture between Sheephaven and May Street Capital, businesses registered in Portadown and Armagh respectively.
