Blocked hotels
A proposal by investment firm Urban Capital Limited to convert an existing building on Thomas Street being used as offices into a small four-unit aparthotel was also refused permission. The full scale of the losses are revealed in reports filed by the administrator of the companies in the past month. The properties include the Rushmere shopping centre and retail park in Craigavon, one of the biggest in Northern Ireland.AIB has had its stock rating downgraded by one of the world’s largest investment banks and financial services companies, according to the Sunday Independent.
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