Council closes in on major NAMA site
wexford County Council is close to acquiring the former Wexford Electronix site off Trinity Street, where it hopes to create a high-value financial services centre.
The site, which formed part of the long-abandoned Trinity Wharf development, is currently in the hands of NAMA, with which the council has been negotiating.
'The council is near to finalising the acquisition of the site,' said an informed source, 'it is a prime location on the seafront.'
Any development on it is said to be a long way down the line but the council is keen to buy the site before prices rise.
The prospective deal is believed to include the former Cash and Carry site, opposite the green at Fisher's Row, which is co-located with the former Wexford Electronix site.
The €350 Trinity Wharf development, which was given the go-ahead by the council at the height of the boom, would have included a 13-storey hotel, a conference and leisure centre, a shopping mall, a six-screen cinema and a marina.
The main site for the development has remained empty since 2002 following the collapse of Wexford Electronix with the loss of 364 jobs.