Foley and partners to net €30 million in Clerys sale
Consortium puts iconic site in capital on the market
Deirdre Foley has officially put Clerys on the market in a move that will net her a profit of more than €30 million on the controversial investment.
Natrium, the consortium which purchased the iconic Dublin department store in 2015 for €29 million, has instructed Knight Frank to find a buyer for Clerys. The sales process has been code-named Project Surf.
Sources indicated that the price tag for the project was likely to significantly exceed €60 million,...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Willie O’Reilly: When Haughey’s entitlement did the state some service
A fascinating new book analyses the rift that developed between RTÉ and a young Charles Haughey in the 1960s
Pearse Flynn: Ireland has never made capital of its abundant natural resource off the coast
We have an amazing opportunity to produce as much green, renewable energy as we can imagine
Susan O’Keeffe: Boosters and regulations our only option
This virus has already tested human ingenuity and resilience beyond any other. It looks as if it will continue to do so for some time yet
Aidan Regan: A tale of one city and a two-tier economy operating beneath it
If you exclude Luxembourg, Dublin is ranked as the most expensive city in the EU to live in but scores poorly for quality of life, especially if you are in the bottom 70 per cent of earners, rent and have children