After a five year argument with planners, Kelman, owner of the ex-Newsons buildings on North Quay, Douglas, has said it has decided to sell the properties.
A spokesman for Kelman said: ”It’s such a shame – this development could have brought so much to the North Quay area and the City of Douglas.
“In addition to the £8m construction opportunity, which would have benefitted companies island wide, we wanted to create a pleasant retail, commercial and residential environment for the city.”
Newsons Buildings
The spokesman said that the proposed plan appeared to be exactly what the people of Douglas wanted.
They said more than 500 residents have written to them in support of the project.
It also appeared to fit the Island Economic Strategy [2022 – 2032], but the planning legislation, as it stands, is unable to deliver the Government’s vision.
Kelmans spokesperson concluded: “And so, after 5 years of trying and a great deal of expense, we’ve decided to give up and sell the properties.
“Unless or until the planning legislation is changed to facilitate investment, we can no longer invest in the island.”
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