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.