GalwayBayFM

AIB to sell off Nestor stores in Galway

Share this article
AIB to sell off Nestor stores in Galway

Galway Bay fm newsroom - Four Galway stores connected with city retailers The Nestor Group are to be sold by AIB.

The portfolio includes SuperValu and Centra premises in the city centre, Doughiska and Oranmore.

According to the Sunday Business Post, a receiver was appointed to the Nestor Group in March following negotiations between AIB and two of the group's directors.

A portfolio has now been put on the market and comprises of three SuperValu supermarkets and a Centra store with a combined turnover of 30 million euro.

Advertisement

Included in the sale are SuperValu stores at Fr Griffin Road, Ballybane and Oranmore, as well as a Centra store in Doughiska.

The stores employ about 190 people and are all part of the Musgrave Group brand franchise - and are continuing to trade as normal.

95.8 MHz Galway City
95.8 MHz Clifden & West Connemara
97.4 MHz South Connemara & Aran Islands
96.8 MHz County Galway
97.4 MHz East Galway
97.2 MHz Gort Area

Copyright © 2024. Developed by Square1 and powered by PublisherPlus.com

Download the GBFM App
Advertisement