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Sale of ex-tycoon’s stud is highlight of major auction

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More than €2.3 million worth of residential and commercial property across Galway has been sold at the latest Allsop Space auction.

One of the highlights of the auction was the sale of Glenview House Stud in Athenry for €500,000.

The 43-acre farm, which includes 28 stables, was once the jewel in the empire of property developer Stephen Harris (Harrmack) during the Celtic Tiger boom, when he purchased more than 60 racehorses. Several of Mr Harris’ companies have been liquidated.

An unfinished block of nine apartments on Dominic Street in Portumna sold for €105,000 – which works out at less than €12,000 each.

An adjacent block at the Clos an Iarla development comprising three retail units and five 2-bed apartments overhead sold for €150,000.

In Tuam, a total of 11 warehouse units (subdivided into 13) at the MG Business Park on the Galway Road have been sold for €420,000. Five of the units are vacant, while An Post occupies the largest, with a yearly rent of more than €41,000. At the moment, the annual rent roll is €60,000.

A total of 26 lots in the city and county went under the hammer at the auction last week.

Robert Hoban of Allsop Space told Tribune Property the catalogue was “an exciting combination of prime residential and commercial investments across the county of Galway that will echo the demand and recovery in the property market.

“Big premiums were achieved, leading to a belief that the expiry of the Capital Gains Tax at the end of December this year had a significant impact on sale prices. We expect our December auction to be potentially bigger than this, which will provide an outlet to both buyers and sellers to complete transactions before the expiry of the CGT. It is encouraging to see such a healthy appetite in both residential and commercial sectors,” said Mr Hoban.

Sixteen of the Galway lots sold under the hammer and a number were sold immediately afterwards for an undisclosed price. Four were withdrawn prior to auction.

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Connacht Tribune

Roadshow’s nationwide brainstorm

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The Creating Our Future Roadshow on its stopover in Galway city.

Galwegians were offered the chance to play a part in creating a better future for Ireland – by participating in a nationwide brainstorming session last week.

The Creating Our Future Roadshow is midway through its mission to visit every county in Ireland in a month – having started out on September 24 in Wicklow and running until October 26.

It’s a government-led national brainstorm that will involve the people of Ireland in a conversation on the role research can and should play in addressing opportunities, challenges and hopes for the future.

Creating Our Future, according to Minister Simon Harris, will ensure that the direction of research in Ireland is informed by the people it serves.

The organisers are asking people to submit their ideas about what researchers in Ireland should explore to create a better future through the dedicated online portal www.creatingourfuture.ie, which is open until November 30.

The Roadshow is also pulling up in towns across the country to encourage the public to engage in a conversation with researchers over a cup of coffee – and to submit an idea about an opportunity or challenge in their lives, community, Ireland or the world; or something they are curious or passionate about and would like researchers to explore.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

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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

Deputies outline blueprint for sustained regional recovery

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Pictured: Ministers Michael McGrath and Paschal Donohoe meet with members of the Regional Group of Independent TDs - including local Deputies Sean Canney, Noel Grealish and Denis Naughten.

A group of independent TDs has called on the Government to prioritise spending on rural Ireland – to regenerate regional towns and villages, increase supports to farmers and community initiatives, and the support local business.

The Regional Group of Independent TDs used their Pre-Budget Submission to highlight the ‘critical need to invest in our people to support the transition back to normality’.

The group – which includes local Deputies Sean Canney, Noel Grealish and Denis Naughten – met with budget ministers, Michael McGrath and Paschal Donohoe where members outlined five key points they want to see addressed in next week’s budget.

They are seeking support for the regeneration of towns and villages, housing, green villages, remote working and transport links; investment to help home-grown SMEs through recovery and renewal – and a complete review of tax credits and social welfare systems to ensure working is always financially better.

They also want to see investment in health and community initiatives, and in services within communities, on top of repurposing existing infrastructure – and increased supports for farmers, to aid intergenerational transfers and the agri-food sector.

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

SMEs hit by cyber attacks

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As many as three out of five small and medium businesses have reported at least one cyber attack during the previous year, while 43% of all data breaches involve small and medium sized businesses. But despite this, the majority of small and medium businesses believe they are too small for a cyber attack – and almost half have no understanding of how to protect themselves against an attack of this nature.

That’s why local SMEs are being encourage to sign up for a free seminar which will help prepare them against cyber attacks.

Leading cybersecurity expert, Andrea Manning, who is CEO and Co-Founder of Irish company CyberPie, will be speaking as part of the free Cyber Security Summit organised by itag (Innovation Technology AtlanTec Gateway) and Cyber Ireland.

The virtual event will be delivered next Thursday, October 14, and is open to anyone who registers in advance.

Other parts of the seminar will be focused on cutting edge cyber security and related matters, covering topics such as cryptocurrency, digital forensics, cyberpsychology, zero trust and more.

Among the other high profile speakers participating will be Prof. Lisa Short who is Director and Co-Founder of P&L Digital Edge Limited, Nick Asvos of Palo Alto Networks, Prof. Greg Gogolin from Ferris State University in the US, Blessing Usoro of JP Morgan Chase & Co, Rebecca Springett of TitanHQ, Brian Honan of BH Consulting, Donna O’Shea of Munster Technological University and Derek Laffan of Dublin City University.

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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