Friday 23 March 2018

Apartment king's HQ is now to be turned into flats

Ex-developer Liam Carroll
Ex-developer Liam Carroll
John Mulligan

John Mulligan

IN an ironic twist, the former headquarters of failed developer Liam Carroll – the first to build apartments en masse in the capital – is to be converted into apartments.

La Touche House on the Lower Rathmines Road in Dublin served as the nerve centre for Mr Carroll's Zoe group business. He had been responsible for developing the first wave of new apartments in the capital during the 90s, commonly referred to as shoebox apartments.

But he went on to deliver some landmark projects, including the development of the Gasworks site in Dublin.

However the reclusive developer, known for driving an old car and shunning the extravagance associated with many high-profile builders, suffered an ignominious fate as his empire crumbled in the crash.

In 2009, a liquidator was appointed to two firms in the Zoe group. In late 2012, NAMA appointed a 'super receiver' to his firms after a raft of receivers had been appointed by a number of banks to various firms belonging to Mr Carroll over the previous 18 months.

Last year, a receiver that had been appointed by Bank of Scotland (Ireland) to some of Mr Carroll's business, sought buyers for La Touche House.

Now the new owners have sought planning permission from Dublin City Council to convert the three storey office into apartments.

Linden Road Ltd, which is owned by Dublin businessman John Harmon, wants to include three one-bed and six two-bed apartments in La Touche House. The company has also asked for permission to include a shop, medical facility or restaurant on the ground floor.

Mr Carroll and his wife Roisin were sued by NAMA in 2012. In November that year, the agency secured an order of €30.7m against Mr Carroll, and along with Bank of Scotland (Ireland) obtained a judgment of €32m against Roisin Carroll.

Irish Independent

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