21-year Convention Centre licence put up for sale
Published 01/08/2014 | 02:30
The licence to operate the Convention Centre Dublin (CCD) has been put up for sale.
The landmark building in the IFSC was built under public private partnership - the building is owned by the State through the Office of Public Works (OPW) but was built by a subsidiary of Spencer Dock Development Company owned by developers Johnny Ronan and Richard Barrett of Treasury Holdings and the developer Harry Crosbie, who then had a right to operate the building.
Spencer Dock Development is now under the control of liquidators Paul McCann and Michael McAteer of Grant Thornton who have put the remaining 21-year operating licence up for sale. Rubicon Infrastructure Advisors has been appointed as financial advisor for the sale process.
They are selling a concession contract to operate and maintain the CCD, ownership of a 320-space car park underneath the building and the licence to build and operate a hotel adjacent to the CCD.