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Ristorante Del Arte seeks sites

More than four former restaurants and similar premises are being sought by the Irish franchise holder for Ristorante Del Arte, a French-owned Italian restaurant chain.

Limerick-based franchisee DK Walshe Restaurants Ltd will open their first restaurant in Ireland at the Crescent Shopping centre in Limerick next month and another in Mahon Point Shopping Centre in Cork early in September.

Paul Fahey, associate director of Bannon, which acts for the chain, says they hope to have six restaurants open before 2013 and thereafter open two or three annually.

"We have a requirement for units over 4,000 sq ft in high footfall locations throughout the country which will benefit from strong day and night trade."

He declined to disclose the rents being paid. However, it is believed that the rent for the 511sqm Crescent unit was around €150,000 a year.

Ristorante Del Arte is the largest chain of Italian restaurants in France. The brand is owned by Groupe le Duff who operate over 1,100 cafe's and restaurants worldwide.

Dundalk pub sold

•A Dundalk pub and restaurant has had its asking price cut sharply after a sister pub sold for almost €700,000. Agent Philip Gunne of Gunne Property Commercial confirmed that he had completed the sale of The Avenue pub but declined to disclose the sale price, other than to say that it was close to €700,000. He also confirmed that the asking price for The Malthouse bar and restaurant in the town has been reduced to €550,000.

Eddie Rockets opening

•A franchisee of Eddie Rockets City Diner is opening at 37 North Main Street, Naas, Co Kildare. It will take a 278sqm floor area with a large open forecourt area. A rent of €55,000 a year had been quoted by agents Jones Lang La Salle which acted for the landlord. O'Neill & Co acted for the tenants.

Irish Independent