Foley and partners to net €30 million in Clerys sale

Consortium puts iconic site in capital on the market

17th June, 2018
Deirdre Foley has officially put Clerys on the market in a move that will net Natrium a profit of more than €30 million

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!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Willie O’Reilly: When Haughey’s entitlement did the state some service

Media Willie O'Reilly 22 hours ago

Pearse Flynn: Ireland has never made capital of its abundant natural resource off the coast

Energy Pearse Flynn 1 day ago

Susan O’Keeffe: Boosters and regulations our only option

Aidan Regan: A tale of one city and a two-tier economy operating beneath it

Economics Aidan Regan 6 days ago