Sunday 9 August 2009

Carroll applies for planning permission

Property developer Liam Carroll, who is battling to save his business from being wound up, has applied for planning permission for a sizeable development in Dublin.

Using a company called Hallian, Carroll has sought permission for a development of shops and offices on a 3.6acre site in Clondalkin.

The proposed development on the former CB Packaging site would have total floor space of almost 20,000 square metres. It would consist of two four-storey blocks over a basement car park with 335 spaces.

The first block, which would be built alongside an existing Dunnes Stores supermarket, would accommodate a discount food store and offices.

The second block would have four retail units on the ground floor and first floor, and offices on the remaining floors.

The plans also include the creation of a new road junction from the New Nangor Road in Clondalkin and 115 car parking spaces on the ground level. The company wants to demolish an existing ESB substation on the site and build a new one, as well as creating a service yard, trolley bay and moving walkways linking the buildings and the car park.

Carroll had sought planning permission for a development in Clondalkin that would have included apartments, shops, a theatre and creche.

While South Dublin County Council approved that scheme, the decision was appealed to An Bord Pleanála. Hallian is a subsidiary of Carroll’s Zelderbridge, which is one of the larger firms in his complex group structure. Companies Registration Office filings for Hallian show that it ‘‘is dependent on the availability of continued financial support from group companies and their bankers’’.

The Supreme Court is due to rule on Tuesday about an appeal by Carroll against a High Court decision refusing examinership to his Zoe group of companies. The companies, which have total bank borrowings of about €1.1 billion, sought examinership after ACC Bank demanded repayment of €136 million.

Sunday Business Post

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