Friday June 5, 2020

Clerys sale nets upwards of €7 million for dealmaker Foley

The sale price is more than double the €29 million Natrium, a consortium involving Foley’s D2 and British fund Cheyne Capital, paid to US group Gordon Brothers three years ago

7th October, 2018

Financier Deirdre Foley will make in the region of €7 million from the sale of Clerys, sources with knowledge of the deal said.

The €63 million sale of the 162-year-old historic Dublin department store building was announced last Wednesday, with Europa Capital leading the acquisition and businessman Paddy McKillen jr’s Oakmount Developments and family trustee firm Core Capital as local partners.

The contract for sale reflects Oakmount and Core Capital having a less...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 1 month ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago