Clerys saleNatrium, the investment group that acquired Clerys department store, aims to double its money with a sale of the O’Connell Street premises in the coming months, reports the Sunday Times. Citing property sources, the Sunday Times reports that Natrium plans to put the property on the market in April for about €60 million, and commercial property agent Knight Frank will handle the sale. The paper suggests a high-priced sale is likely to reignite the controversy that has surrounded the property since Natrium acquired it from US property group Gordon Brothers. Following the sale, the department store was immediately closed and all 460 workers laid off, while the State footed a €2.5 million bill for statutory redundancies. Buckley was previously a non-executive director of INM before being dramatically voted off the board in 2011 while O’Reilly was chief executive.

Source: The Irish Times January 21, 2018 17:26 UTC