Derry property sites sold to Ulster University to advance Magee campus expansion
The sites on Derry's Queen’s Quay and Strand Road have been acquired by Ulster University
Derry businessman Garvan O'Doherty has agreed the sale of property and land in the city to Ulster University to help advance the expansion of the Magee campus.
Earlier this week The Magee Taskforce delivered its report and action plan for the expansion of Ulster University’s Magee campus to 10,000 students.
Established by the Economy Minister Conor Murphy in March, The Magee Taskforce was set up to develop a plan which would deliver on the New Decade New Approach agreement reached between the British and Irish Governments and local parties in 2020.
The Taskforce said its plan requires an investment from the Executive, including £291million for new developments, property purchases and refurbished buildings and public realm.
The Garvan O'Doherty Group confirmed the sale of sites on Derry's Queen’s Quay and Strand Road.
A spokesperson said, "Bringing economic life back to the city centre, creating new jobs in new industries, are the catalysts we need to realise Derry's untapped potential.
"There has been considerable interest in these sites, and we have had other, higher offers, but decided to sell at a lower price in the civic interest.
"We all want to see Magee expand to 10,000 students and this will facilitate that."