Just weeks after announcing the arrival of anchor tenant Primark, the company behind Rushmere Shopping Centre has entered administration.
Administrators have been appointed to Central Craigavon Ltd – the shopping centre’s trading company – following a £32.6m loss in 2019, according to the Belfast Telegraph.
According to the newspaper, Rushmere tenants were informed of the appointment of administrators on April 12.
The correspondence read: “As a result of the company entering administration, the affairs, business and property of the company are now managed by the joint administrators, who act as agents of the company, without personal liability.
“Please note that Rushmere Shopping Centre will continue to be run as normal and all rents and service charges should continue to be paid to the current managing agent, Osborne King.”
The proposed opening of Primark will be unaffected by the process.
Just last month, Armagh I revealed that the retail giant is to open a massive new store in place of Debehams, which had ceased operations in the centre in May 2021.
Speaking at the time, Martin Walsh, Rushmere Centre Manager, commented: “Primark is a fantastic addition to Rushmere. In all of our research over the years, Primark is a brand that our customers have been very keen to see, and this announcement is testimony to the success of the centre.
“We look forward to the opening later in the year.”
Armagh I also revealed that new Asian fusion restaurant Eatao is set to open in the centre.