Top stories in the paper this week 10 – 17 September 2010
Dublin city centre Aldi on market for €5.25m; Salmonella outbreak linked to backyard duck eggs; Filan gets go ahead for €3m project
Print29 September 2010
1. Dublin city centre Aldi on market for €5.25m
Aldi’s Parnell Street branch in Dublin 1 came unto the commercial market this week. The Irish Times reports the Savills agency is quoting a guide price of €5.25 million for the Aldi outlet, which currently pays rent of €386,500 under a 25-year lease dating back to July, 1998. The agreement provides for upward-only rent reviews every five years, with the next due in 2013. At the price quoted, the investment would show a net yield of 6.8%.
2. Salmonella outbreak linked to backyard duck eggs
The largest outbreak of salmonella poisoning in recent years has been linked to salmonella in duck eggs as more people keep their own poultry in the garden. The Irish Independent reports that according to the Food Safety Authority of Ireland (FSAI), five new cases arose last month and 24 people have been infected; half of whom required hospitalisation. The FSAI advises consumers, retailers and caterers to treat duck eggs as if they were raw chicken.
3. Filan gets go ahead for €3m project
The company co-owned by Westlife singer Shane Filan has been given the go ahead for a €3 million development in Dromahair village, Co Leitrim; incorporating a supermarket, gym and creche. The Irish Times reports Leitrim County Council had earlier refused permission, but An Bord Pleanála overturned this decision. However Fine Gael councillor John McTernan said the development wasn’t needed, and would make it very hard for the two existing family-owned supermarkets to survive.
4. German supermarket’s Irish products up for awards
Seventeen Irish-made products sold by Aldi, including fresh meat, yoghurt, cakes and fruit juices, have been short-listed for the annual Blas na hÉireann National Irish Food Awards which take place in Dingle, Co Kerry next month. The Irish Times reports Aldi recently pulled off another coup, when its products picked up 13 honours at the Great Taste Awards in London. The discounter’s Kilcrea Manuka Honey made by Healy’s Honey of Ballincollig, Co Cork, received a three-gold star award.
5. Supermarket chain to go convenient
Morrisons, the UK supermarket group run by Dubliner Dalton Philips, plans to launch an online grocery sales service and expand into convenience stores. The supermarket supremo said in the Sunday Tribune: "Convenience is a market with great potential. The opportunity is there, but it’s an opportunity we need to understand better, so we will pursue a limited geographic trial in 2011." Dalton revealed three convenience stores will open in the first half of 2011.
Click to read more on Morrisons in the Belfast Telegraph
Also:
Wine sales up by 3.8% (Evening Herald)
Tide is rising at Whitewater Shopping Centre, Newbridge (Irish Times)
Merger a welcome sign of life in food sector (Irish Examiner)
– Origin Enterprises and CapVest (the private-equity firm behind companies like frozen-food giant Findus Group) are to merge their food interests into a new company, Valeo. The new business has also agreed to buy Irish food group Batchelors.
Early Christmas for supermarkets (Belfast Telegraph)
Average earnings fall 3.8% (Irish Times)
– Unions claim lowest paid workets are being hit hardest.
Sweet deal for Irish developer in London deal (Sunday Tribune)
– Irish development group McAleer & Rushe has rented the entire retail space at its Swiss Centre on Leicester Square in London to confectionary brand M&M’s, to open its first European M&M’s World Shop.
Pub trade sales down 14% (Irish Times)
Construction and retail sectors hit hardest in North (Irish Times)
Two out of three Irish adults back minimum pricing for alcohol, survey reveals (Alcohol Action Ireland)
Decision to regenerate town centre brings "positive day for Dundalk" (Dundalk Democrat)
Retailers call for more support of cultural events to boost Ulster economy (Belfast Telegraph)
Illegal cigarette vendor under investigation in Cork (Cork Independent)
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