CITY COMPANY SPENDS 72 MILLION ON EUROPEAN INVESTMENT PROPERTIES

Date Published: 02-Aug-2009

Galway business Thomas McDonagh and Sons is spending approximately 72 million euro on a contintental property portfolioAccording to the Sunday Business Post the company, which employs 70 people, is buying three investment properties in France and BelgiumThomas McDonagh and Sons is paying 36 million for a site in Lyon in France and 27 million for a city centre site in Antwerp in Belgium, as well as 9 million for an adjacement development siteThe Galway city headquartered company already has an investment property portfolio of just under 87 million euro