Re: Re: superquinn
@Paul Clerkin wrote:
or two… after they strip the property portfolio
There’s certainly some options:
1. Sit on it a year or so and sell to another chain while holding on to several prime devlopment sites
2. develop some sites in batches to include a superquinn’s below an apartment block, say, and use the apartment revenue to finance other sites while still retaining some of the supermarket wing. I doubt they’de generate enough profit from this though
4. Close superquinn and develop all the sites completely – I doubt any of the consortium are worried too much about public popularity
5. Retain Superquinn as is, and all the lads become shopkeepers. I don’t think anyone looking at the make-up of the consortium would believe that the long-term goal is to keep hold of the company as it stands.