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All-day Galway auction achieves €9m worth of sales

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Ard na Coille, Maunsells Road.

A strong demand for quality homes in sought-after areas such as Salthill and Taylor’s Hill in the city was evident in the biggest property auction ever to take place in Galway, when €9 million worth of sales were generated.

Among the most significant sales on the day was a two-bedroom apartment in Salthill which sold for almost double the Advised Minimum Value, following a telephone bidding war between two overseas clients. The apartment with sea views at Dun na Carraige, Salthill, was the subject of an intense bidding war before the hammer eventually fell at €492,000 – almost twice the AMV of €250,000.

A house at Grattan Park also went for €355,000 at a packed Harbour Hotel, after having an advised minimum value of €200,000, as Friday’s auction lived up to its billing as the “biggest ever outside Dublin”.

Auctioneer Colm O’Donnellan, of O’Donnellan & Joyce Auctioneers, said there was a marked increase in phone bidding, with overseas buyers competing for much sought after properties across the city.

“There seemed to be really strong demand for good family homes in the city,” said Mr O’Donnellan. “The demand was particularly strong for properties in Taylor’s Hill, Salthill, and College Road. There is a recovery on the way in the city property market and we had a lot of cash customers who were chasing property for investment.”

Bidding was fast and furious, with the first lot of the day, Glendoo Apartments on Sea Road, achieving more than twice the AMV at €310,000.

A semi-detached residence on College Road, which had a guide price of €210,000, went for €365,000. Two family residences in the Taylor’s Hill area also greatly exceeded the AMVs, reaching prices of €720,000 and €670,000.

For more, read this week’s Galway City Tribune.

 

Connacht Tribune

GMIT’s new Head of its Business School

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Dr George Onofrei, Head of the GMIT School of Business.

GMIT has announced the appointment of Dr George Onofrei as the new Head of its School of Business, commencing this month.

Prior to joining GMIT, Dr Onofrei was Senior Lecturer in Strategic Development in Letterkenny Institute of Technology.

He has over 15 years’ experience in academia as well as considerable industry practice within the automotive, food and retail sector. He brings experience and a proven track record of success in the development of new programmes at undergraduate and postgraduate level.

“I look forward to continuing the development of new programmes and creating new opportunities within the School of Business working with both staff and industry partners,” said Dr Onofrei.

He succeeds Professor Graham Heaslip who was appointed Head of the GMIT School of Engineering, following Gerard MacMichael’s retirement.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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Connacht Tribune

Corrib Oil’s national expansion

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Eugene Dalton...expansion.

Galway-headquartered Corrib Oil, one of Ireland’s leading service station and oil distribution providers has entered an agreement to acquire H2 Group.

While subject to approval by the competition regulator, this deal will see Corrib Oil acquire 13 high quality retail sites based across the south and east of Ireland, expanding the Corrib Retail footprint to 33 stores in total.

It means Corrib Oil will operate across 54 sites in 16 counties, employing over 1,000 people.

The new sites are located in Kerry; Kildare; Limerick; Tipperary; Dublin; Laois, Offaly and Cork.

Established in 1987, Corrib Oil employs 700 people across 14 counties in the West, Midlands and South.

The company, which was founded in Claremorris, is headquartered in Parkmore on the east side of Galway city. It operates two distinct divisions, Corrib Retail and Corrib Distribution.

Corrib Retail currently operates 20 convenience stores with forecourts; while Corrib Distribution, a leading distributor of heating oils and fuel, operates through 21 depots across 14 counties.

Having maintained a 22-year relationship with BWG Foods, all Corrib Retail convenience stores are branded as Spar, while all forecourts are branded Circle K or Texaco, with instore partners including Insomnia and Chopped.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Connacht Tribune

New course helps make sense of Artificial Intelligence and its uses

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Managers in Galway companies who would like to learn how they could put artificial intelligence (AI) to work for their organisations are being encouraged to sign up for a new course.

It comes as research found that 50% of organisations around the world have adopted AI in at least one function, while 79% of organisations are also exploring or piloting AI projects.

Of those companies who have implemented AI, 63% report revenue increases in the relevant business units.

The new Artificial Intelligence for Managers postgraduate certificate is being offered by NUI Galway to those who wish to get a better understanding of AI and its implications for business and enterprises.

Participants do not need to have any coding skills; this non-technical programme will focus instead on the strategic use of AI and how businesses and management can approach the practical implementation of AI technologies within their company. Candidates will learn about the practicalities necessary for successful AI adoption including data and skills requirements, ethics and legal issues. As such the programme would suit those in management positions in sectors like telecommunications, manufacturing, pharmaceutical, biomedical, finance, marketing, automotive and more.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

 

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