Saturday 24 February 2018

Plan for office development beside airport fails to take off

The cityscape near Dublin Airport may have to do without three large office blocks that had been planned by a development firm called Eastground Investments.

The company is owned and was previously controlled by former Green Property executive Simon Murray, but joint receivers were appointed to the firm by Zurich bank in 2011.

Eastground had secured planning permission in 2008 to build three adjacent office blocks. One was to be between five and six storeys high and extend over 12,500 sq m. The second, called the Atrium Building, would be between six and seven storeys high and cover 9,800 sq m.

The third, Tower Building, would be 10 storeys high and have a gross floor area of 9,200 sq m. But the company had to apply for an extension for the permission this year to Fingal County Council.

The council told Eastground that it wanted additional information, including that the company demonstrate the proposed development would not have adverse environmental impacts.

But Eastground failed to submit the additional information, said the council, resulting in the application to extend the planning permission being denied.

Mr Murray was one of three executives who sued Green Property in 2005 claiming a share of cash resulting from the firm's stockmarket delisting in 2002. The case was settled in 2006.

Irish Independent

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business