Former GAA manager Seamus McEnaney in line for uplift of up to €3.7m on original investment in Dublin 2 pub while Irish rugby stars buy into Dublin 6
Two of Dublin city’s best-known pubs are set to change hands for sums of up to €7 million and €5.5 million respectively.
In the first instance, The Irish Times understands that Foley’s bar on Merrion Row is in the process of being acquired from its current owner Seamus McEnaney by Emerald Investment, a private-equity vehicle headed by Cairn Homes co-founder Alan McIntosh. While the price has not been confirmed, market sources said the pub is set to trade for between €6 million and €7 million, with the deal expected to close in the coming weeks. Either figure would see Mr McEnaney secure a significant markup on his original investment. The hotelier and former Monaghan, Meath and Wexford football manager acquired the landmark venue from receivers for €3.3 million in 2014.
Elsewhere in the city, a consortium of former Irish rugby internationals led by publican Noel Anderson is understood to have agreed to purchase McSorley’s pub in Ranelagh for €5.5 million from its long-standing owner, the Murray family.Fully let investment on Dublin’s South William Street seeking €3.6m
The completion of the deal, the negotiations for which were first reported in April by the business website, The Currency, will see ownership of McSorley’s pass to Mr Anderson and rugby stars Jamie Heaslip, Rob Kearney, Dave Kearney, and Sean O’Brien. The consortium already owns Lemon & Duke in Dublin city centre, The Bridge 1859 in Ballsbridge, and The Blackrock in Blackrock, in South Dublin.
Monaghan Foley-S Merrion-Row Dublin-2 Noel-Anderson Rob-Kearney Dave-Kearney Jamie-Heaslip Mcsorley-S Ranelagh Dublin-6 Cairn-Homes
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fund gets 99% cut on Kevin St leasehold valuationDublin County Registrar had fixed €5 million purchase price in favour of the Technological University Dublin
Read more »
Business Today: Energia sale, Dublin Airport car park talks and Stripe weighs Dublin office moveThe best news, analysis and comment from The Irish Times business desk
Read more »
Dublin archdiocese drops plans to locate Dublin’s Catholic cathedral on city’s south sideArchbishop of Dublin Dermot Farrell announces ‘twin pillar’ strategy for Dublin city centre
Read more »
Dublin man Scott Capper accused of trespass and assault causing harm to a womanExclusive - Scott Capper (30) of Cappagh Green in Finglas, West Dublin, appeared before a sitting of Dublin District Court, charged over an alleged incident at an address in North Dublin last Wednesday.
Read more »
Gerry 'The Monk' Hutch's nephew jailed for attempting to rob woman at ATMAlan Hutch, 41, who suffers mental health problems, approached the woman from behind while she was using the ATM near Tesco on Dublin’s Talbot Street
Read more »
Jamie Dornan and Alison Oliver champion Irish designer at Met GalaJamie Dornan and Alison Oliver championed Irish designer Jonathan Anderson at this year's Met Gala! We're obsessed!
Read more »