Ires tries again at Rockbrook, Henry Street heats up and what’s ahead for Philip Lane?

Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk

Ires is hoping to build 428 apartments at Rockbrook in Sandyford, Dublin. Photograph: Dara Mac Donaill

Ires is hoping to build 428 apartments at Rockbrook in Sandyford, Dublin. Photograph: Dara Mac Donaill

 

The Republic’s biggest landlord could seek fast-track permission for a high-profile apartment development within weeks after getting the project through a key stage of the planning process, reports Barry O’Halloran. Ires is hoping to build 428 apartments at Rockbrook in Sandyford, Dublin, where planners previously refused it permission for 452 dwellings.

Things are heating up on Henry Street in Dublin, with a retail development owned by Noel Smyth having sold for some €44 million. Aidan Murphy has the details of the deal, which concerns a building to be occupied by retailer, Next.

Pat Farrell, the outgoing head of group communications at Bank of Ireland has secured a new job in the property field. Barry O’Halloran has the details of Mr Farrell’s new role.

Peter Hamilton delved into the world of snack foods for this week’s Business Interview, speaking to Jeff Swan, the man who heads up Tayto Snacks. A self-confessed crisp-eater, Mr Swan explains how the company’s new Muchos brand got off the ground and discusses Tayto’s €16 million Irish investment programme.

In Agenda, Joe Brennan looks at what faces Philip Lane when he takes up his position on the executive board at the European Central Bank. With the appointment to be rubber-stamped today, Joe also surveys the market for Prof Lane’s replacement at the helm of the Central Bank of Ireland.

In his Caveat column, Mark Paul considers the latest developments in the Clerys saga after it emerged this week that US fund Gordon Brothers had offered to reimburse the losses of concession-holders at the store. The timing of the offer, Mark writes, is the most extraordinary thing about it.

It can be tempting for employers to seek star performers to join their organisations but it might not always make sense, says Olive Keogh in our Work section. She suggests that the ripple effects that can flow from parachuting in such individuals can often be counter-productive for other staff.

John FitzGerald uses his weekly Economics column to assess how the changing education levels of young people have affected the jobs market. He notes that we may need to improve the opportunities that are available for less academic pupils.

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