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PJ1977

The Curse Of Queens Parade

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There have been plans to redevelop Bangor's unregal Queens Parade for what feels about 20 years.

After various issues with the scope and planning of the project Karl Greenfarm (a Blackbourne family- Bill Woolsey JV) were confirmed by DSD as preferred developers. We await the planning app but the finance is in place from BoSI.

But what's this in today's Tribune? A claim that BoSI is planning to get out of the Irish market altogether, having already closed their retail business in the Republic. The story is not denied, rather BoSI give a no comment.

It's not clear that they would pull out of NI as well as the republic but if they did then the Queens Parade project would probably need to be refinanced rather sooner than

planned. And probably on worse terms.

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There have been plans to redevelop Bangor's unregal Queens Parade for what feels about 20 years.

After various issues with the scope and planning of the project Karl Greenfarm (a Blackbourne family- Bill Woolsey JV) were confirmed by DSD as preferred developers. We await the planning app but the finance is in place from BoSI.

But what's this in today's Tribune? A claim that BoSI is planning to get out of the Irish market altogether, having already closed their retail business in the Republic. The story is not denied, rather BoSI give a no comment.

It's not clear that they would pull out of NI as well as the republic but if they did then the Queens Parade project would probably need to be refinanced rather sooner than

planned. And probably on worse terms.

Looks like you were on the money.

Bank of Scotland Ireland to wind down operations

http://www.bbc.co.uk/news/uk-northern-ireland-11022082

The Bank of Scotland is closing its business banking operation in Ireland.

Bank of Scotland Ireland (BoSI), which has an office in Belfast, will transfer its business to its parent company.

Bank of Scotland will then appoint another firm to manage the wind down of the Irish loan book, a process which could take between two and 10 years.

I wonder if someone at the beeb is reading your posts:

Customers who have loans with the bank will see those facilities run to the end of their agreed term, though they will then have to refinance with a new borrower.

Customers with deposits will have to close their accounts by the end of this year.

BoSI's major customers in Northern Ireland include the Karl group, the firm which built the Obel tower in Belfast and are part of a consortium to redevelop Bangor's Queens Parade.

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  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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