Charity set to purchase Nunnery site

Wed, 16 Oct 2013

Government has confirmed it has offered the Manx Educational Foundation the chance to purchase the Nunnery site for £5 million.

The site has been earmarked as the location for the multi-million pound International Centre for Technology.

A six-month period of detailed discussions has now been entered into between government and the MEF.

During this time there will be no discussions with any other perspective purchasers.

If a number of conditions are met the MEF will make the purchase and work will start on transforming the site.

Economic Development Minister John Shimmin has branded a fantastic opportunity for the Island: