Thursday 13 November 2008

Carroll fights to keep €200m development

DEVELOPER Liam Carroll has moved to protect a €200m office development following legal action by rival developer, Sean Dunne, who is seeking the demolition of the building work that has already been undertaken on the Dublin Docklands site.

Now Mr Carroll has applied to Dublin City Council for permission to retain the existing eight-storey building and to continue with a development which will accommodate almost 300,000 sq ft of offices as well as a retail bank and the new Anglo Irish Bank head office at North Wall Quay.

Meanwhile, a spokesperson for Dublin Docklands Development Authority (DDDA) has said he is satisfied that, based on legal advice, there will be no claims for compensation following the recent court judgment.

There had been some media speculation that DDDA might be liable for claims following a court finding in favour of Mr Dunne.

It was also speculated at the time that of the court decision that the DDDA would appeal to the Supreme Court but it subsequently decided against this course of action.

Donal Buckley

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