Menary’s building listed on NAMA

Menary's Cookstown.INMM1713-389SR
Menary's Cookstown.INMM1713-389SR

A SPOKESPERSON for province wide department store Menarys has said there is “no cause for concern” after its Cookstown building was listed for sale by the National Asset Management Agency (NAMA).

The William Street unit, owned by Dungannon based Jermon Developments, was published in the latest enforced properties list by the Republic of Ireland’s ‘bad bank’.

But a company spokesperson for the popular department store said that the building is not for sale and there are no concerns over its future there.

Receivers for the unit, Keenan Corporate Finance Ltd, also told the MAIL that the property was not on the market at present, and that rent was being managed by the Belfast based company.

Keenan Corporate Finance was appointed administrator to Jermon Limited by First Trust and other banks in 2011 and has continued to manage the Dungannon developers empire since.

The Cookstown unit is one of 17 Tyrone properties listed effectively for sale.

A residential property with land situated on Stewartstown’s West Street is also listed as on the market as have three properties in South Derry.

All are centered in Bellaghy, and include detached chalet bungalow on the Ballynease Road and two developments, one also situated on the Ballynease Road and the other on the village’s Castle Street.

Both the have not yet commenced, according to NAMA, while the luxury bungalow, which includes four bedrooms, three bathrooms and two reception rooms, is advertised for offers over £175,000,