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Embracing Change in Ireland’s Oldest City- €300 million Investment

“With stories spinning around the airways, in print and commentary on social media, I can’t stop thinking about the late Nicky Fewer and how very proud he would be of his son Ian Fewer and Niall Harrington for creating the investor collaboration with Waterford City Council through Fewer Harrington & Parners.”

-Hillary Coghlan, Triangle Marketing

Waterford City looks set for a large economic boost.  Saudi Arabia’s leading mall operator, The Fawar Alhokair Group, Have agreed purchase terms with Waterford City Council and NAMA.  Purchase terms have been agreed on a four-acre site at Michael Street and also on a 17 acre site with special planing status on North Wall Quay.

The Fawar Alhokair Group’s success in the Middle East stems largely from the franchise rights it holds to global apparel brands, which include Zara, Gap and Topshop.  The investment here in Waterford City will be seen as a property investment with major potential.

With this deal of €300million investment, it will certainly create change and generate uncertainty unlike anything we’ve witnessed before in my generation, but it also brings huge excitement about the future of our city and county for jobs, population growth and the quality of our lives”.

-Hillary Coghlan, Triangle Marketing

 

*Further reading-

http://www.irishtimes.com/business/commercial-property/saudi-mall-operator-plans-shopping-centre-in-waterford-1.3017993

http://www.trianglemarketing.ie/blog/embracing-change-in-ireland-s-oldest-city-300-million-investm