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Belfast businessman’s lending vehicle steps in to help Cork developer rescue ownership of Newry retail complex

Belfast Commercial Funding's new loan lets Tom Coughlan keep The Quays after a £7.7 million refinancing ended administration.

Summary by Irish News
Gareth Graham’s Belfast Commercial Funding has been confirmed as the new lender for UGP Newry Ltd, which owns The Quays
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Irish News broke the news in Northern Ireland, United Kingdom on Tuesday, June 2, 2026.
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