Tuesday, 6 December 2011

Sisk and Park need NAMA for marina

JOHN Sisk and Son Ltd and Park Developments have indicated they need the support of NAMA to finish off the €300m Greystones marina project in Co Wicklow.

The loans given to Sisk and Park were transferred over to NAMA in November 2010, but there has been no official indication yet from NAMA whether it wants to support the second phase of the development, which includes a medical centre, apartments and clubhouses for harbour users.

"The directors expect that ultimately NAMA will provide ongoing funding facilities to allow for completion of the development,'' the builders said. Wicklow County Council is also a partner in the project.

Read the article @ The Irish Independent


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