Press-Up Group Involved In Buying Old Clery's Building

News

Press-Up Group Involved In Buying Old Clery's Building


Share this article


The former Clerys department store has been sold for a reported €63m.

Three companies have come together to take over the iconic on O'Connell Street site, including one firm that has spent a number of years transforming popular venues across Dublin.

Press-Up is the company behind brands like The Stella cinema and diner in Rathmines, The Dean Hotel on Harcourt Street and the fast-food chain, Wowburger.

Press-Up also runs The Workman's on Wellington Quay, tourist attraction Mary's Hardware Bar off Grafton Street and the Vintage Cocktail Club in Temple Bar.

An arm of the New York-based firm Rockefeller Group and another company, Core Capital, are understood to be the other investors in the Clery's sale.

It is reported the old Clery's building sold for €63m, which is more than double what another company, Natrium, paid for it in 2015.

That controversial sale three years ago led to the department store shutting without warning, and left almost 500 people out of a job.

Natrium had secured planning permission to turn the Clery's site into a boutique hotel, with high-end retail, entertainment and leisure facilities, and office space.

Before selling, the company had said its planned redevelopment would create around 1000 construction jobs and another 2500 permanent positions.


Share this article


Read more about

News

You might like

Live: Title

Added to queue
Removed from queue

On Air

Share

Share

Next up on queue

Title
Description
Duration

There are currently no podcasts in the queue

Go to podcasts

On Air

98FM'S Big Breakfast with Cooper & Luke

98FM'S Big Breakfast with Cooper & Luke

06:00-10:00

Share

Up next

Dublin Talks with Adrian & Jeremy

Dublin Talks with Adrian & Jeremy

10:00-12:00

Share

The Sound of the City with Barry Dunne

The Sound of the City with Barry Dunne

12:00-16:00

Share

The Big Ride Home with Dara Quilty

The Big Ride Home with Dara Quilty

16:00-19:00

Share

The Fix with Andy Clarke

The Fix with Andy Clarke

19:00-22:00

Share

The Sound of the City with Ciaran O'Connor

The Sound of the City with Ciaran O'Connor

22:00-00:00

Share

The Sound of the City

The Sound of the City

00:00-07:00

Share

The Sound of the City with Brendan Roache

The Sound of the City with Brendan Roache

07:00-09:00

Share

00:00:00 / 00:00:00

Share on