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Dublin investment company acquires city shopping centre

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A Dublin based investment company has closed a 27 million euro deal to acquire Edward shopping centre in the city from NAMA.

Signature capital was selected as the preferred bidder for the centre last year, but the purchase was finalised only last week.

The Sunday business Post reports NAMA provided staple finance to the company to fund the deal.

The shopping centre was developed by Gerry Barrett.

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Local TD says €2.5m funding “vital lifeline” to local radio

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Galway Bay fm newsroom – A local TD says the announcement of 2.5 million euro in additional funding for the broadcasting sector is a “vital lifeline” for local radio.

The allocation has been made through the Sound and Vision Scheme, which provides grants for the creation of high-quality programmes.

Galway East Fine Gael TD Ciaran Cannon says local radio provides a very important public service and deserves greater support.

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TFI Local Link to launch new service between Ballinasloe and Castlerea

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Galway Bay fm newsroom – TFI Local Link Galway will launch a new service between Ballinasloe and Castlerea on Monday.

Route 546 will operate three times a day in each direction.

It’ll cover Castlerea, Williamstown, Glenamaddy, Kilkerrin, Moylough, Mountbellew, Caltra, Ahascragh and Ballinasloe.

The new service will also provide commuters with a new peak-time service that interchanges with direct services to Galway from Ballinasloe.

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Galway company raises over €15m to develop revolutionary heart impant

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Galway Bay fm newsroom – A Galway-based company has raised over 15 million euro in funding to develop a revolutionary heart impant.

AuriGen Medical has launched a crowdfunding campaign, with the funds going toward facilitating clinical trials.

The start-up company is based in ATU Galway and was founded by John Thomspson and Dr Tony O’Halloran.

Dr Thompson explains how funding and investment has progressed their development of the heart implant which aims to treat stroke and arrhythmia risk:

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