herald

Thursday 16 August 2018

Unicorn restaurant building in €2.5m deal

DUBLIN City Council is set to sell the building that once housed the celebrity-haunt restaurant Unicorn, in a deal worth €2.5m.

Two weeks ago it was recommended that number 13A Merrion Row be sold to a company called Minpol, which was set up in February this year, the Herald can reveal.

The premises once housed well-known eatery Unicorn and the kitchen from Il Segreto was on the first floor.

Unicorn has long been one of the most fashionable restaurants in Dublin, playing host to the likes of former US president Bill Clinton and rock star Bono.

CLOSED

It has since been relocated to nearby number 12B Merrion Court, while Il Segreto closed its doors in June 2013.

The move followed ongoing drama between restaurateurs Georgio Casari and Jeff Stokes.

The two businessmen were partners in a number of well-known restaurant businesses on Merrion Row via their group Vino Classico.

The former Unicorn address is due to be sold after the council placed a public advertisement about its intention to dispose of the asset. The sale is still subject to approval and will be submitted to the council at a meeting on October 6.

The property was acquired by the council in 1950 from JE Mills.

In total, 21 offers were submitted for the property, a prime location in Dublin's city centre.

The offers were considered by an assessment panel and the two highest bidders were interviewed.

Following that process, the panel selected Manipol, who submitted the highest financial offer, as the preferred bidder for the 267-square-metre site.

Under the terms of the contract, the company is required to pay an initial deposit of 20pc on the €2.5m total.

hnews@herald.ie

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