Classifieds Advertise Archive Subscriptions Family Announcements Photos Digital Editions/Apps
Connect with us

CITY TRIBUNE

NUIG student accommodation firm records loss

Published

on

The property company which operates student accommodation on behalf of NUI Galway recorded a €3.4 million increase in turnover in 2019.

However, Atalia Student Residences DAC (Designated Activity Company), which is owned by the university, recorded a loss for the year of €6,300.

Accounts for the company for the year ended August 31, 2019, show that while there was a loss, retained profits are at more than €1.6 million. The accounts are the most up to date available from the Companies Registration Office.

The previous year, the company made a profit of more than €460,000.

Atalia Student Residences operates the 764-bed Corrib Village apartment complex and the 429-bed Goldcrest Village.

The figures show that the company’s overall turnover jumped by 52% – from €6.4m to €9.8m.

Turnover for accommodation services was up from €5.2m to €8.4m; and from conferences and events was up from €850,000 to €1.1m. Turnover from shops was down from almost €328,000 to €290,000.

Outside of the academic year, both complexes are used as accommodation for conference delegates, while Corrib Village is also used for short-term holiday lets.

The accounts show fixed assets – including fixtures and fittings, plant and machinery and office equipment – valued at €1.5m. Its current assets were valued at more than €7m, including ‘cash at bank and in hand’ of almost €6.9m (up from €5.6m last year).

The company owed creditors €6.9m, including €5.2m in deferred income.

It employed 38 people (which includes its five directors) last year, up from 31 the previous year.

As well as operating the student accommodation complexes, the company also markets conference facilities and services on behalf of the university.

It pays rent to NUIG but the figure is not included in the company accounts. In 2018, the rent figure was just over €2.25m.

In Corrib Village, a single bedroom with a private en suite for the academic year costs €5,950. For Goldcrest Village, the figure is €6,760.

CITY TRIBUNE

Mercury hit 30°C for Galway City’s hottest day in 45 years

Published

on

From this week’s Galway City Tribune –

Wednesday was the hottest day in the city over the past 45 years when with a high of 30.1 Celsius being recorded at the NUI Galway Weather Station.

The highest temperature ever recorded in the city dates back to June 30, 1976, when the late Frank Gaffney had a reading of 30.5° Celsius at his weather station in Newcastle.

Pharmacists and doctors have reported a surge in people seeking treatment for sunburn.

A Status Yellow ‘high temperature warning’ from Met Éireann – issued on Tuesday – remains in place for Galway and the rest of the country until 9am on Saturday morning.

It will be even hotter in the North Midlands, where a Status Orange temperature warning is in place.

One of the more uncomfortable aspects of our current heatwave has been the above average night-time temperatures and the high humidity levels – presenting sleeping difficulties for a lot of people.
This is a shortened preview version of this article. To read the rest of the story, see this week’s Galway City Tribune. You can buy a digital edition HERE.

Continue Reading

CITY TRIBUNE

Property Tax hike voted down in Galway City

Published

on

From this week’s Galway City Tribune – A proposal to boost Galway City Council coffers by half a million euro every year by increasing Local Property Tax (LPT) did not receive the support of city councillors.

Councillor Peter Keane (FF) failed to get a seconder at this week’s local authority meeting for his motion to increase the LPT payable on Galway City houses by 5%.

Cllr Keane said that the increase would net the Council €500,000 every year, which could be spent evenly on services across all three electoral wards.

It would be used to fund services and projects city councillors are always looking for, including a proposal by his colleague Cllr Imelda Byrne for the local authority to hire additional staff for city parks.

The cost to the taxpayer – or property owner – would be minimal, he insisted.

“It would mean that 90% of households would pay 37 cent extra per week,” he said.

Not one of the 17 other elected members, including four party colleagues, would second his motion and so it fell.

Another motion recommending no change in the current rate of LPT in 2022 was passed by a majority.
This is a shortened preview version of this article. To read the rest of the story, see this week’s Galway City Tribune. You can buy a digital edition HERE.

Continue Reading

CITY TRIBUNE

Galway City Council needs 40 more workers to help deliver on projects

Published

on

From this week’s Galway City Tribune –  Forty more workers are needed at City Hall ‘right away’, the Chief Executive of Galway City Council has said.

Brendan McGrath has warned city councillors that the local authority is understaffed and it needs to hire more staff immediately to deliver its plans and projects.

The total cost of the extra 40 workers, including salary, would be between €1.75 million and €1.95 million.

Mr McGrath said that the City Council had a workforce now that was below what it had in 2007, but the city’s population has grown and so too had the services the Council provides.

The population of Galway City grew by almost 11% in the 10 years to 2016, he said, and total staff numbers in the Council fell by 13.6% during that period.

Though more staff were hired in recent years, Mr McGrath said that the Council was at 2007 and 2008 staffing levels, even though the Census will record further increases in population since 2016.

Mr McGrath said that the City Council now provides 1,000 services across a range of departments, far more than during the 2000s.

He said that currently, 524 staff are employed at the City Council. This equated to 493 Whole Time Equivalents when part-time workers such as school wardens and Town Hall workers are included.

Mr McGrath said that 12% of all staff are in acting up positions, with many more in short-term or fixed-term contracts. There was a highly competitive jobs market and the Council was finding recruitment and retention of specialist staff difficult.
This is a shortened preview version of this article. To read the rest of the story, see this week’s Galway City Tribune. You can buy a digital edition HERE.

Continue Reading

Local Ads

Local Ads

Advertisement
Advertisement

Facebook

Advertisement

Trending