Firms behind Sainsbury’s Crescent Link plan go bust
The firms which were denied planning permission for a Sainsbury’s superstore on the outskirts of Derry have gone into administration.
GSB (Guernsey Ltd) went into administration over a week ago. The application which included plans for a Sainsbury’s supermarket at Crescent Link was made by a sister company of GSB called GML NI Ltd. GML NI Ltd changed its name to Cordev last year and entered administration in September.
The major retail application for Crescent Link was on of several high profile retail planning proposals for Derry which were refused permission by Environment Minister Alex Attwood on December 21.
John Hansen, of KPMG, is the administrator for the two companies. “These are the applicants on the Crescent Link site in Derry and I am in the process of assessing and progressing the planning applications,” he said.
A spokesperson for Mr Attwood said the minister has held talks with the administrator. “He has recently met with KPMG in relation to the Crescent Link lands. His view on the Crescent Link lands is unchanged.”
The parent company of the two firms is Orana Group. Orana Chairman John Farmer said the move into administration was “triggered by the minister’s decision before Christmas”.
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Weather for Derry
Saturday 25 May 2013
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