By Suzanne Pender
THE iconic Braun site has been sold, with final contacts expected to close today (Tuesday).
The site at O’Brien Road, Carlow was placed on the market by its owners, commercial property firm Clyde Real Estate, with a guide price of €5.9 million in April, selling therefore in record time.
REA Sothern confirmed to The Nationalist yesterday (Monday) that the landmark 30-acre site had been sold, but the company cannot disclose the buyer yet, as the legal process has not been finalised. However, it is expected to conclude today.
“It is a big day for Carlow, given that the purchaser will be using the Braun premises as a manufacturing facility rather than warehousing; therefore, multiple jobs will be created,” assured Harry Sothern of REA Sothern.
“It is a great day for the town and the county given the pivotal position of the Braun factory itself, its visibility to incoming traffic from Dublin and Wexford, and its symbolism in the past as a showcase for the skills of a local workforce,” he added.
Mr Sothern said that details of the purchaser, intended usage and the likely job creation will emerge “in the next week or so”.
Clyde Real Estate is headed by entrepreneur and former presidential candidate Seán Gallagher, who bought the former Braun site from Procter & Gamble in 2015. The complex extends to 20,587 square metres (221,594 sq ft) on an expansive site of 11.9ha (29.2 acres). Built to a high specification, it was seen as a unique opportunity for occupiers and investors alike to secure a high-profile, fully-serviced property.