Thursday 23 November 2017

Allsop Space agrees deal on distressed properties

Jerry Beades from Friends of Banking in Allsop Space Offices, Dublin
Jerry Beades from Friends of Banking in Allsop Space Offices, Dublin
Protester Tom D’Arcy pictured at the boardroom window of Allsop Space

Cormac Murphy and Emma Jane Hade

PROTESTERS entered the offices of Allsop Space ahead of the company's latest auction of distressed assets.

The group, led by developer Jerry Beades, went to the firm's Waterloo Road premises in Dublin 4 seeking discussions with director Stephen McCarthy yesterday.

Mr Beades said that the group was seeking "a written agreement that the consent of owners is required before they (repossessed properties) are sold".

Allsop Space last night confirmed that they had entered into an agreement with 'Friends of Banking Ireland', that they will no longer offer properties for sale where the owners are engaged in a legal dispute with the bank or receiver.

Mr Beades said that, in return, the group has agreed "not to obstruct the business of Allsop Space from the date of this agreement".

The latest Allsop national property auction takes place today from 9am at the RDS in Ballsbridge, Dublin 4.

"We look forward to the continuation of our fair, open and transparent sales process," Robert Hoban, director of auctions at Allsop Space, said last night.

A wide range of assets are available for purchase, including houses, apartments, investment flats, offices and retail units.

Irish Independent

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