Tevir Group confirms purchase of Castle Mona
The Tevir Group says that its immediate priority for the former Castle Mona Hotel is to secure the building from further deterioration....
News and updates
We are delighted to share that the planning application for the development of Villiers Square has been approved in principle
The submission was stated to be an exemplar approach and gained a unanimous decision at committee last week. The statement office building will offer market leading sustainable accommodation for the island, along with retail and leisure space plus an 80-key hotel, all centred around a new public square.
Tim Johnston MHK, Minister for Enterprise, commented:
‘Tevir Group's plans for Villiers Square represents a transformative development in the heart of Douglas, turning an area which is currently underutilised and derelict into a vibrant space for commercial and hotel leisure facilities. This development will not only improve the urban landscape, but also stands to contribute real economic benefit to the city of Douglas.
‘The Department for Enterprise is pleased to have provided support in principle to this development through the Island Infrastructure Scheme, a Scheme which was designed to leverage private sector funding, capability and skills in line with the Economic Strategy, to secure the regeneration of complex urban unoccupied sites.
‘Today’s announcement represents a positive step towards seeing this project come to fruition, and embodies the very ethos of the Island Plan, to build great communities and create a more secure, vibrant and sustainable future for the Isle of Man.’