Richard Barrett and John Ronan’s Treasury Holdings has been given planning permission to develop its Sligo Town Centre scheme by Irish planning appeals board An Bord Pleanala.

The €80m (£54m) scheme in the northwest of Ireland is located at Wine Street, Sligo and will create a new retail centre for the town.

It will comprise a Dunnes Stores, Tesco’s and Penney’s, 30 shops, 1,000 car parking spaces, 27 apartments and 30,000 sq ft of office space.

Construction is expected to start next year.

Niall Kavanagh, Treasury’s director of development, said: ‘It is important in the current market to offer a uniquely attractive product and I believe this is something the Treasury Holding’s Sligo Town Centre scheme does well.

‘Sligo is seen as the centre for retailing for the Northwest of Ireland and as a result there is still significant demand for contemporary retail space.’

Conor Ronan who is part of the development consortium and is based in Sligo said, ‘Sligo is finally going to get the badly needed redevelopment of its town centre.

'Treasury Holdings will aim to attract top class national and international retailers to the scheme which will ensure Sligo Town Centre becomes the retail destination of choice for the people of the northwest of Ireland.’