Breaking News
US firm bids 23 million for Eyre Square Shopping Centre
Galway Bay fm newsroom – A US firm has bid 23 million euro for the Eyre Square Shopping Centre.
According to the Irish Times, New York based Marathon Asset Management has emerged as the leading bidder for the freehold interest in the city centre.
The paper reports that Marathon Assest Management has agreed to pay approximately 23 million euro for the controlling interest in the shopping centre.
The investment includes the freehold interest in the centre, units occupied by New Look, JD Sports and Pennys, common area income, the ramps area and a former bank building at 19 Eyre Square.
The 60 unit centre currently produces annual rents of over 2 million euro and is expected to show an immediate return of 8.5 percent.
There is existing planning permission to replace the ramp entrance at Eyre Square with a three story building to accomodate five new retail units and a restaurant with deck area at first floor level.
City planners have also approved the use of the ground floor as a food outlet.
The centre is being sold by DTZ Sherry FitzGerald and DNG Commercial on behalf of the Bank of Scotland Ireland, who placed the centre in receivership.
Galway Bay FM Newsroom – Plans have been lodged for a development of 28 homes at Letteragh Road on the west side of the city.
The project is led by Callanan & Walsh Construction Co. Limited and would be based at a site near existing estates along the road.
It would be a mix of single and two-bed apartments across three seperate blocks.
City planners are due to make a decision in July
Galway Bay FM Newsroom – Events will be hosted across all corners of Galway to celebrate Cruinniú na nÓg this weekend.
The National Day of Creativity for Young People is being held tomorrow, with over 700 free events scheduled around the country.
It’s a collaboration between the Arts and Culture Department, the Creative Ireland Prorgamme, Galway County Council and RTÉ.
Cruinniú na nÓg is a one-day event, designed to empower young people to develop their creative potential.
Some of the highlights include a street peformance in Tuam, a drumming session in Oughterard and a dance and music workshop in Lettermore.
The tech side of creativity will also be represented with Lego Robotics and Coding Workshops in Moycullen and Carraroe.
A variety of artists will visit nine different refugee centres, offering workshops in print-making, circus skills, kite-making and music.
Libraries in Ballinasloe, Loughrea, Oranmore, Carraroe and Tuam will also host a variety of free activities.
The full list of events and booking is available on cruinniu.creativeireland.gov.ie]
Galway Bay FM Newsroom – After months of delays and immense frustration for motorists, the new Martin Junction near the Galway Clinic is finally set to open next week.
It brings to an end a long-running saga that began in January 2022 and was originally expected to be completed that August.
The lights will now be officially commissioned on Wednesday, June 13th, at 11am.
Local Councillor Alan Cheevers has been speaking to David Nevin.
Plans lodged for 28 homes at Letteragh Road
All corners of Galway hosting events for Cruinniú na nÓg
New Martin Junction to officially open next week
UHG first centre to introduce nerve blocking probe for major surgeries
An Bord Pleanala to reconsider appeal against refusal of 74 homes in Knocknacarra
East Galway farm sells for €1.3 million
Official opening of Galway’s new pedestrian and cycle bridge
Detached home in Knocknacarra has host of amenities nearby
OPW Minister to meet Council engineers on ‘flawed’ motorway design
Western Motors to host EV information day
