Friday 3 July 2009

Liam Carroll applies for third scheme in north Dublin docks

Developer Liam Carroll has applied to develop a €100m office scheme reaching up to seven storeys between Mayor Street Upper and Castleforbes Road in Dublin's north docks.

The development would have about 30,000sq m of office space and would be built near the office building Carroll plans to lease to Anglo Irish Bank. He recently lodged plans for a third scheme measuring 14,000sq m on an adjacent site.

If Carroll was to secure planning for all three schemes, he would be able to develop nearly 70,000sq m of offices there, nearly four times as much office space as was leased in all of Dublin in the first half of this year.

Carroll had been hoping to attract various parts of Bank of Ireland and AIB to buildings in the area but those deals never went through. There have been some industry rumours that AIB has revived tentative queries about space for its capital-markets division. The Anglo building had been due for decision last week but although it is at board level at An Bord Pleanala, no final decision has been taken.

Carroll's company behind the scheme is due in court next week in relation to court proceedings taken against it by rival developer Sean Dunne. The Commercial Court is also due to begin eight weeks of hearings against Carroll and other related parties next week in relation to a €150m claim for damages made by rival developer Noel Smyth in relation to a planned expansion of The Square shopping centre in Tallaght in west Dublin.

Sunday Tribune

No comments: