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Ely Gastro Bar To Close

Published on Jan 19 2015 8:37 AM in Restaurant

Ely Gastro Bar To Close

The ely gastro bar at Grand Canal Square in Dublin has stopped trading, after Danske Bank decided to further discontinue its retail activity in Ireland.

It's reported that Danske foreclosed on loans attached to a property owned by restaurant and bar chain Ely.

Ely's two other operations in the IFSC and Ely Place in Dublin will remain unaffected by the move. 

In a statement the company said, "ely restaurant group wishes to thank their loyal supporters, neighbours, suppliers, distinguished press and valued customers for their continued commitment.

"Most importantly, they are sincerely grateful to the entire dedicated staff of ely gastro bar. Staff members have been kept informed and Ely has ensured that no jobs have been lost."

It added that the ely restaurant group purchased its unit in Hanover Quay in 2006.

"Following the withdrawal of Danske Bank from the Irish market, the property was put up for sale on June 6th, 2014 and is now confirmed as sold. Until Monday 19th January, 2015 and since the 6th June, 2014 ely gastro bar has been managed by ely restaurant group on behalf of the receivers, Grant Thornton, to ensure a successful and seamless sale. ely restaurant group would like to offer a note of appreciation to Grant Thornton for how they have handled the receivership process," said the statement. 

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