Monday 13 August 2007

Firm says rival broke €4m pact

DEVELOPERS building rival shopping centres made a €4m pact not to object to planning permission against each other's plans.

But now one of them is trying to stop €3m of that being paid because an objection has been placed against their development.

The High Court heard yesterday that the two firms - Galway-based Talebury Properties Ltd and Parolen Ltd of Ashbourne, Co Meath - were developing rival shopping centres in 2003 when they made their pact.

Irish Independent

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