Thursday 19 October 2017

21-year Convention 
Centre licence put up for sale

The Convention Centre, Dublin
The Convention Centre, Dublin
Donal O'Donovan

Donal O'Donovan

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.

Irish Independent

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