Irish retail chain Dunnes Stores is expected to move into the long-vacant Ferrybank Shopping Centre.
The news marks the end of a protracted legal dispute between Dunnes Stores, Deerland Construction and NAMA over the €100m white elephant development.
While there has been no official confirmation, sources close to both parties have told WLR FM's Deise Today that the retailer is expected to move into the shopping centre before Christmas this year.
The building, which is 30,000 square feet, currently houses Kilkenny Council's municipal offices and the Ferrybank Library.
In January, Sean McKeown Director of Planning, Economic and Environmental Services for Kilkenny County Council talked up the "positive engagement" between both NAMA and Dunnes Stores to resolve the dispute before the end of February, which it seems has been successful.
CEO of Waterford City & County Council, Michael Walsh, says the local authority have 'no difficulty with the news.
"We never had any difficulty with it. There are 5,000 or more people over there, the population is growing and they need services. The inherent proposition of Dunnes going in there is something that we have no difficulty with. Where we would have had a difficulty historically is around the scale of the development, generally - and the initial proposals that were for a greater deal of shopping."
More to follow