Galway Bay fm newsroom - The new owners of the Gateway Shopping Park at Knocknacarra are to spend more than €20 million on a second phase of development.
This will include retail space to accommodate between eight and 12 new traders.
It's hoped the expansion will reach completion next year.
According to the Irish Times, the Gateway was sold by Nama last year as part of the Hazel Portfolio.
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The shopping centre based in the west of the city is producing a rental income of €1.4 million per annum and is managed by Sigma Retail Partners.
