Business
O’Donnellan & Joyce planning next auction
“When is your next auction?” is the big question from callers to the offices of O’Donnellan & Joyce’ over the past few weeks.
The company say that the massive success of their 2014 auctions seems to have left no doubt in the minds of most vendors that if you want to sell your property in a reasonably short length of time the auction route is the way to go.
An auction is an efficient and cost effective way of selling property and, if prepared properly with intensive marketing, advertising and mailing, will result in the greatest possible exposure of the properties offered.
To maximise the effectiveness of the marketing, considerable thought must be given to the guide price, which needs to be tailored to generate competitive bidding in the auction room, thus ensuring that the best price is being achieved.
Selling by auction however, offers a high degree of certainty that a sale will be achieved on a given day and, significantly, on the fall of the gavel an immediate binding contract is formed.
There is the added advantage of the sale being entirely open and transparent. As no further negotiation is permitted the entire sale process, from instruction to exchange of contracts, is achieved within as little as six to eight weeks.
Most types of property are suitable for auction provided that a realistic reserve price is agreed. Auction is now regarded as the optimum method of sale for sellers, ranging from executors, receivers, private investors, owner occupiers and banks.
Once a property sells at auction the owners can go forward in the knowledge that their property is sold and can therefore bid or buy on another property if they wish to do so.
O’Donnellan & Joyce say their auction process is unique. The company have always been synonymous with auctions in the west of Ireland – however they are now rated as one of the best auction houses in the country.
“The areas covered range from Donegal to Limerick and Clifden to Mullingar with enquiries coming in from Dublin and further afield asking if we would facilitate sales in those areas,” said Colm O’Donnellan.
“Despite the fact that O’Donnellan & Joyce sell a large number of properties for lending institutions the majority of the auction properties are still privately owned homes and investment properties.”
The first auction of the year which will take place on Friday, March 6, promises to have a wide selection of properties both commercial and private.
Already set to go under the hammer are commercial properties in Furbo. Ballybane. Ballinalsoe and Limerick. Private sales will include properties in Mervue, Ballybane, Clarinbridge, Clifden, Glinsk and Carna in Connemara together with lands in Craughwell and Clarinbridge among others.
The cut-off date for the March auction is Friday, February 6, so it is envisage that by then the list will have grown.
For more, read this week’s Connacht Tribune.
Connacht Tribune
Former GTC rebrands with aim of helping Irish companies across the region to grow internationally
Galway Technology Centre last week unveiled its a major rebrand and shift in direction, with the launch of its new vision and regional remit as Platform94 – with the lofty ambition of helping to create 505 direct and 323 indirect jobs over the next five years.
It is estimated that this will bring a Gross Added Value (GVA) of over €62.4 million to the regional economy, annually.
In addition, across the next 15 years – through connecting expanding technology companies globally – the organisation plans to generate 1,535 direct forms of employment and 982 indirect roles, resulting in an estimated GVA impact of over €190 million.
Unveiled at a ceremony in the Connacht Hotel last Wednesday, Platform94 will achieve this by moving beyond a physical location in Galway, supporting businesses across the West and delivering scaling expertise for firms in Mayo, Roscommon – and Galway.
The largest and longest established social enterprise centre for the technology sector in the West, GTC was founded in 1994 to meet the needs of an emerging cluster of ICT companies outside the capital.
Platform94 will build on this legacy, empowering Irish businesses to scale globally whilst creating employment opportunities regionally, nationally and internationally.
Platform94 is owned by Galway Chamber and WestBIC and supported by Enterprise Ireland, and at its launch, it set out the platform and conditions for regional collaboration and robust growth across the West.
For more, read this week’s Connacht Tribune.
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University of Galway IdeasLab is celebrating after striking gold for their Start100 Programme – and now it’s back better and bigger than ever for a second year of operations.
The programme took top prize in the Entrepreneurship at Universities category at the University Industry Innovation Network (UIIN) Conference held earlier this month in Budapest.
IdeasLab’s Start100 Program which supports entrepreneurial students to take their idea to impact in 100 days was acknowledged for its great emphasis on peer-to-peer learning and support and showcases stories from across the entrepreneurial spectrum to create relatable and achievable role models.
Based at the University of Galway campus, IdeasLab are back with their six-week student incubator programme, Start100.
Now in its second year, this year there are twelve teams who are embarking on an entrepreneurial journey with the aim of taking their innovative idea to the next step.
“Within a year, Start100 has been embraced by our entire ecosystem and the support we are receiving from mentors, judges and our community is a testament to the importance of nurturing innovation and entrepreneurship in Universities,” said Dr Natalie Walsh, Director of Entrepreneurial Development, University of Galway.
“This year we have increased our number of projects to twelve, based on the huge demand for Start100 from our incredible students.
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.
The new President of Local Ireland, the association representing local news publishers around the country, is Head of Irish Times Regionals Dan Linehan.
Mr Linehan takes over the presidency from Declan McGuire of the Connacht Tribune. His appointment was confirmed at the recent Annual General Meeting of Local Ireland at Bloomfield House Hotel near Mullingar, Westmeath.
Mr Linehan, who has served as Vice President of the organisation for the last two years, said: “The coming years are a very important time for local publishers with many important issues to be addressed, including the implementation of the Future of Media Commission recommendations, defamation reform, the role and support for local publishers in public service reporting and helping publishers develop commercial digital offerings.”
Speaking at the AGM, Mr McGuire acknowledged the work done by the Executive in the past two years under the direction of Executive Director, Bob Hughes, on several projects related to the publishing industry but most especially the successful conclusion of the long-running campaign for the abolition of VAT on newspapers.
He also wished Mr Linehan the very best in his new role as President of the association for the next two years.
Mr Hughes thanked Mr McGuire for his leadership and support during his term of office and said he looked forward to working with Mr Linehan on the key policy priorities for the association, including Government supports, Government advertising, fair remuneration for content from the tech platforms and the reform of the legislation for defamation.
Local Ireland members also elected Seán Mahon, Managing Director of the Southern Star, as Vice President for the next two years.
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