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.
Plan approved to change Briarhill gym to medical centre
Galway Bay fm newsroom – A plan has been approved for a medical centre at Briarhill Shopping Centre in Ballybrit.
The project is led by MyNedical Urgent Care Ltd. and will involve a change of use of around 400 square metres of existing gym space.
City planners have attached seven conditions.
One states a car parking management plan for the medical centre is to be submitted prior to occupation of the building.
Tender issued for feasibility study on Quiet Man Greenway between Athenry and Milltown
Galway County Council has issued a tender for a contractor to carry out a feasibility study on the development of a greenway between Athenry and Milltown.
It follows the allocation of €75 thousand to the local authority in August to carry out a study on the ‘Quiet Man Greenway’.
The proposed amenity would run for 47km, starting in Athenry, running through Ballyglunin and Tuam before finishing in Milltown.
An extensive local campaign has long championed the proposed Greenway, which could also extend beyond the county border to link up with the Sligo Greenway.
Galway East Fine Gael TD Ciaran Cannon says today is an important milestone that could lead to millions of euro being invested in the area – we will have an extended interview on this topic on FYI Galway from 5…
Continued increase in numbers of Covid patients in ICU at UHG
Galway Bay fm newsroom – There’s been a continued increase in the number of Covid-19 patients who are being treated in ICU at University Hospital Galway.
There are now 18 people in intensive care at the city hospital, up from 17 yesterday.
It comes as management at UHG is preparing to enter Level 4 of their ICU escalation plan due to growing demands on the unit.
However, the overall number of patients being treated for the virus has dropped, now standing at 120, compared to 133 yesterday.
Meanwhile, 11 patients are being treated for Covid-19 at Portiuncula Hospital in Ballinasloe, unchanged from yesterday.
Nationally, 1,969 people with Covid-19 are receiving treatment in Irish hospitals today – an increase for the second day in a row.
HSE CEO Paul Reid says the disease will only stop spreading within hospitals once its halted in the community.
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