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!


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

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years

The Daily Briefing