Bank building purchase marks 'exciting project': Donaghy's

The Kilrea-based electrical retailer has bought the former Danske Bank building in the town.

Bank building purchase marks 'exciting project': Donaghy's

A County Derry electrical retailer has taken over former bank permises in Kilrea, following the closure of the town's last remaining branch in December 2020.

Donaghy Bros, who also have a branch in Limavady, has acquired the building as part of an overall growth strategy that will bring further employment to the market town.

The 3,540 sq ft bank building will help the company expand its existing office space and provide a training centre for their staff.

After previous owners Danske Bank had served their final customer in early December 2020, the building went on the market for £130,000.

James Donaghy

James Donaghy, Managing Director of Donaghy Bros, said they jumped at the opportunity to purchase the building.

“This is an exciting project for us, and we hope for Kilrea as a whole,” he said.

“We're a family-run business and have been operating in Kilrea since 1964, so we were keen to ensure that the building was brought back into use and stop it becoming dilapidated.

Local councillor Sean Bateson welcomed the news.

“Knowing further employment will be provided and that the building will be put to good use by Donaghy’s is encouraging,” he said.

If you have a story or want to send a photo or video to us please contact the Derry Now editorial team on 028 7129 6600 for Derry City stories Or 028 7774 3970 for County Derry stories. Or you can email or at any time.

Read more from Derry Now.

More News

Buy the e-paper of the Derry News and the County Derry Post here for instant access to Derry's premier news titles.

Keep up with the latest news from Derry with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.