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06 Sept 2025
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06 Sept 2025
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The Richmond Centre is in receivership
The Richmond Shopping Centre in Derry is in receivership and in need of a new owner, it has been revealed.
The shopping complex has sat at the heart of the city centre since 1984.
Hosting more than 40 shops, the centre is home to big name retailers including Argento, JD Sports, Sports Direct, Holland and Barrett and New Look.
However, lockdowns and restrictions imposed as a result of the Covid-19 pandemic have placed unprecedented pressures on local businesses.
Retail footfall plummeted as shoppers stayed at home and people turned to online shopping.
Many people have lost their jobs or seen their incomes cut.
Now, our sister publication the Derry News has seen a letter circulated to businesses based at Richmond Shopping Centre in recent days.
It says that Ernst & Young (EY) has appointed two individuals as receivers of the Ferryquay Street shopping centre.
In the letter, Joint Receiver, Andrew Dolliver states: “As a result of this appointment, the property is now under our control as Joint Receivers and all powers of management in relation to this property now rest with us.”
The correspondence goes on to add that the property will continue to trade while in receivership on a ‘business-as-usual’ basis with a view to seeking a sale of the property to a new owner in due course.
He also instructs all tenants to direct payments to his management agent, Lisney.
In an official statement to the Derry News, a spokesperson for EY explains: “On 21 June 2021, Andrew Dolliver and Joseph Luke Charleton of EY were appointed as Joint Receivers over certain assets of Vixcroft (Londonderry) Limited.”
It adds: “The appointment of the Receivers over certain assets of the Company will have no operational impact on the Richmond Shopping Centre which continues to trade in compliance with Government Covid regulations on a business as usual basis.”
“The Property Managers (Lisney) of the Shopping Centre remain in place fulfilling their existing role. “Ellandi have been instructed and appointed by the Joint Receivers as Asset Managers for the Property.”
With society reopening, Derry city centre has remained busy and it is hoped that many businesses will now benefit from a so-called ‘bounce back’.
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