Ires doubles down on building plan, Dr Pepper for Kildare, and staycations for all

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Keep building: Ires Reit says it will press ahead with plans to construct almost 600 apartments. Photograph: iStock
Keep building: Ires Reit says it will press ahead with plans to construct almost 600 apartments. Photograph: iStock

The Republic's biggest landlord will press ahead with plans to build almost 600 apartments despite fears that a new government could freeze rents, its chief executive said. Barry O'Halloran reports that Irish Residential Properties Real Estate Investment Trust (Ires Reit), collected €62 million in rent from tenants in its 3,666 apartments in the Republic last year.

Fáilte Ireland is spending €6 million on a major new advertising campaign to encourage Irish people to holiday at home, writes Laura Slattery. The new "Keep Discovering"campaign, which is the national tourism development authority's biggest marketing push in recent years, will debut during RTÉ One's Late Late Show tonight.

The company behind Dr Pepper and 7Up is in advanced talks to take over Lidl's former distribution centre in Newbridge, Co Kildare. Charlie Taylor reports that such a move would see Keurig Dr Pepper, which also owns Krispy Kreme, setting up in the Republic for the first time at group level.

Joe Brennan reports that Lloyds Banking Group, which has been in a standoff for more than six years with UK authorities over the tax treatment of Irish crisis-era losses, has seen its potential related bill soar by a third during the period to £800 million (€954 million).

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Úna McCaffrey

Úna McCaffrey

Úna McCaffrey is Digital Features Editor at The Irish Times.