Investors flock to student accommodation; decline in wine sales; and pizza delivery wars – The Irish Times
Strong demand for student accommodation has fueled substantial interest from real estate investors so far this year, according to a new market update. Ian Curran reports on Cushman & Wakefield research, which shows that the purpose-built student accommodation sector accounted for nearly a fifth of investment in Ireland’s rental housing sector in the first half of the year.
Soaring chicken feed costs Put pressure on Profits from Moy Park, headquartered in Armagh, last year, writes Mark Paul. The company, owned by Brazilian meat giant JBS, saw its profits fall by more than half despite an increase in revenue.
Wine sales plummeted last year after a record year in 2020, according to new data from Drinks Ireland. Eoin Burke-Kennedy reports that wine sales were down 13%, with the drop tied to the reopening of hospitality venues, where customers typically prefer other beverages.
The American information management company Iron Mountain has signed an agreement with Iput to rent more than 15,000 m² of space at Aerodrome Business Park in South West Dublin. Ian Curran has details of the deal, which sees the Boston group join Life Style Sports as the park’s tenants.
In his Caution column, Mark Paul considers the potential for ‘greed’ in the Irish market as inflation soars in the economy. He notes that grocery price growth is at its highest level in 15 years and wonders if retailers might ever be tempted to use that as an excuse to pass on larger-than-needed price increases.
Mark also takes an in-depth look at the state pizza delivery market, which he says has attracted powerful backers with deep pockets and big ideas in recent years. Industry sources tell him, however, that a post-Covid jolt from some of the smaller operators could be imminent as inflation bites.
John Fitz Gerald this week focuses on the food processing sector, assessing its importance to the farming community. Both parts of the food economy will need to evolve to cope with climate change, he writes.
In our Work section, Sarah O’Connor assesses research that considers the impact of workplace harassment on female and male victims and perpetrators. Perhaps unsurprisingly, the results differ considerably.
Separately, Olive Keogh speaks to a professional who made a great and happy change to his career just as the state entered its period of continued Covid lockdown in 2020.
This week wild goose is Elaine Herlihy, a Sydney-based marketing expert who hails from a small dairy farm in Knocknagoshel Co Kerry. Herlihy, who spent the summer working from her childhood bedroom, tells Barbara McCarthy about her journey through a business degree and an advanced degree in marketing practice and how she always had an “outside eye”.
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