Latest news with #TescoIreland
Irish Times
09-07-2025
- Business
- Irish Times
Meath Tesco premises at €1.15m offers buyer 7% yield
Agent Cushman and Wakefield is guiding a price of €1.15 million for a retail investment opportunity in the commuter-belt town of Ratoath, Co Meath. The investment, which is let to Tesco Ireland and trades as a Tesco Express, forms part of Riverwalk Court, a mixed-use scheme comprising apartments, offices and retail situated just off Fairyhouse Road. Located on the ground floor of Riverwalk Court, the subject property has a gross floor area of 375sq m (4,038sq ft) and is laid out as an open-plan retail unit along with staff facilities, a stockroom and back-of-house storage. The store has direct access from the surface-level car park to the front of Riverwalk Court. The property is leased to Tesco Ireland Ltd on a 25-year lease from December 2003 (expiry November 2028) with a passing rent of €88,000 per annum. Tesco Ireland has operated in Ireland for more than 25 years and has 177 stores in Ireland with about 13,000 staff. Turnover for year-end 2024 was €3.26 billion and the company has net assets of €1.47 billion. READ MORE Should a sale of the property proceed at the guide price of €1.15 million, the new owner would be in line for a net initial yield of about 7 per cent after deducting standard purchaser's costs of 9.96 per cent. Peter Love of Cushman & Wakefield says: 'This is an excellent opportunity to acquire an income-generating convenience store investment with an exceptional covenant in a thriving and growing town. Given its strong rental profile and highly accessible location, we're expecting interest from a variety of purchasers in this investment.'
Irish Post
08-07-2025
- Business
- Irish Post
Tesco will create 400 jobs as it opens 10 new stores across Ireland
TESCO has confirmed it will open 10 new stores across Ireland over the next 12 months. The British supermarket chain will invest €40m to expand its Tesco Ireland brand it confirmed this week, with the move creating 400 new jobs across the country. 'This €40m investment underscores our commitment to maintaining our position as a leading employer and retailer in Ireland,' Tesco Ireland CEO, Geoff Byrne said. Tesco has announced the opening of 10 new stores across Ireland 'Our colleagues are at the heart of our business, and we look forward to welcoming new team members this year and recognising them with market-leading reward and benefits,' he added. The expansion will bring Tesco Ireland's permanent workforce to over 13,500 people. The jobs being created will include roles for customer assistants, grocery home delivery drivers and line managers. Some 100 of the new jobs will be created at Tesco's new Fermoy store in Co. Cork, which is set to open at the end of July. Among the new store openings, there will be larger supermarkets and smaller Express shops, It will bring Tesco's total presence in Ireland to 193 stores. New Tesco stores are also due to be opened in counties Dublin, Galway, Louth, and Meath. 'Tesco's announcement today of 400 new jobs stemming from their €40m expansion is an incredible boost for our local towns and the Irish economy,' Ireland's Employment Minister Peter Burke said. 'The creation of these jobs, particularly with the opening of 10 new stores across several counties including Cork, Dublin, and Galway, is a clear endorsement of Ireland's retail sector and workforce,' he added. 'Our Programme for Government commits to driving balanced regional development and further investment in rural communities, and this multi-million-euro investment is a prime example of positive regional impact.' See More: Ireland, Jobs, Stores, Tesco
BBC News
07-07-2025
- Business
- BBC News
Tesco Ireland to create 400 jobs across 10 new stores
Tesco Ireland has announced plans to create 400 new jobs across the Republic of Ireland as part of a €40m (£35m) investment. The retailer is to open 10 new stores in the Republic over the next 12 months. The new jobs will bring Tesco Ireland's permanent workforce to more than 13,500 staff. Among the roles being offered will be customer assistants, grocery home delivery drivers and line managers. The 10 new stores will be larger supermarkets and smaller Express shops, according to Irish national broadcaster RTÉ.It will bring Tesco's total presence in the Republic to 193 the new jobs, 100 will be at Tesco's new Fermoy store in County Cork, which is set to open at the end of Tesco stores will also be opened in Dublin, Galway, Louth and Minister for Enterprise, Tourism and Employment Peter Burke described the jobs announcement as an incredible boost for local towns and the Irish economy.
Irish Times
07-07-2025
- Business
- Irish Times
Tesco Ireland to create 400 jobs
Tesco Ireland plans to spend €40 million opening 10 new stores, creating 400 jobs over the next 12 months. The British-owned chain is one of the bigger players in the Irish market, with 183 stores. On Monday, the company will announce details of its investment and job creation plans. The move will increase its total workforce in the Republic to 13,500 permanent employees and bring the number of supermarkets to 193. READ MORE It said 100 of the new jobs will be at its new Fermoy, Co Cork store, due to open at the end of this month. New outlets will be a mix of express convenience stores and bigger supermarkets, the grocer said. It will also open further outlets in counties Dublin, Galway, Louth and Meath. Geoff Byrne, Tesco Ireland chief executive, said the investment underscores the chain's commitment to holding its position as a leading employer. Peter Burke, Minister for Enterprise, Tourism and Employment, predicted the move will boost local towns. Tesco maintains it is the biggest single retail buyer of Irish food and drink in the world, spending €1.6 billion a-year on products made here, more than on any other single country in the EU. The supermarket chain's business supports 45,000 jobs directly and indirectly in the Republic, it said.
RTÉ News
06-07-2025
- Business
- RTÉ News
Tesco Ireland announces 400 new jobs across ten new stores
Tesco Ireland has announced plans to create 400 new jobs across the country as part of a €40 million investment which will see the retailer open ten new stores nationwide over the next 12 months. The new jobs will bring Tesco Ireland's permanent workforce to over 13,500 staff. Among the roles being offered will be customer assistants, grocery home delivery drivers and line managers. The ten new stores will be both larger supermarkets and smaller Express shops, bringing Tesco's total presence in Ireland to 193 stores. A total of 100 of the new jobs will be created at Tesco's new Fermoy store in County Cork, which is set to open at the end of July. In addition to Cork, new Tesco stores will be opened in Dublin, Galway, Louth, and Meath, with recruitment for supermarkets in both the M1 Retail Park and Howth set to start in the autumn. "This €40 million investment underscores our commitment to maintaining our position as a leading employer and retailer in Ireland," said Tesco Ireland CEO, Geoff Byrne. "Our colleagues are at the heart of our business, and we look forward to welcoming new team members this year and recognising them with market-leading reward and benefits," Mr Byrne said. Minister for Enterprise, Tourism and Employment, Peter Burke, described the jobs announcement as an incredible boost for local towns and the Irish economy. "The creation of these jobs, particularly with the opening of ten new stores across several counties including Cork, Dublin, and Galway, is a clear endorsement of Ireland's retail sector and workforce," Mr Burke said.
