Aldi wins Elysian go-ahead

A rare and clear run through planning has been secured by Aldi for a new store at the ground floor of Ireland’s tallest building, the Elysian, right next door to Cork’s City Hall.

The letting to Aldi will add to the rent-roll at the €150m tower mixed-use complex, developed by O’Flynn Construction, and which forms part of Project Tower, a Nama €1.8bn loan sale, which went to a short list of six bidders last month, and where a sale over €1bn may be decided within weeks: it will be one of Nama’s largest portfolio sales.

There were no observations or objections on the Aldi store plan, now set for the base of the Elysian tower. Planning permission was lodged in the week before Christmas 2013, which means there can be no third party objections to An Bord Pleanala.