Cathal Dunne wrote:
It might, that'd make sense. It's now 25 days and 18 hours before these babes go to market. What to Archiseekers think will be the response/?They've probably already cut the prices they were going to sell them at. Are they going to sell them all in one go? It'll be an interesting test of the strength of the property market. Perhaps they'll sell out on their launch weekend and herald the return of the boom!
Did OFC get the access issues resolved in the High-Court with Howard Holdings?
If not only those with helicopters need apply!
â€œCourt battle over countryâ€™s tallest building in Cork city
16 December 2007
By Ian Kehoe and Neil Callanan
Two of the biggest property development companies in the country are embroiled in a multimillion euro High Court battle over the planned tallest building in Ireland.
Cork-based Oâ€™Flynn Construction is suing Howard Holdings in a dispute over access to Elysian, a 17-storey tower block being built in Corkâ€™s docklands.
Oâ€™Flynn Construction is the developer behind the â‚¬150 million tower, which - at 71metres high - will be Irelandâ€™s highest building. The Cork company claims that it agreed with Howard Holdings to buy an adjacent site, which is crucial for access to Elysian. However, a dispute has broken out over the sale.
Oâ€™Flynn Construction, headed by Michael Oâ€™ Flynn, now wants the High Court to force Howard Holdings to sell the site. The matter is due to return to court in January. Greg Coughlin, the chief executive of Howard Holdings, has filed an affidavit.
Based in Cork, Howard Holdings has projects worth â‚¬4 billion under development, including dozens of large developments in Ireland, Britain and continental Europe. It has developed a number of sites close to the Elysian project.
The company recently said it was seeking planning permission for a â‚¬250 million mixed-use development in Cork Harbour, which would create up to 1,000 jobs. The development will include shops, homes, offices, hotels and leisure facilities on an eight-acre site at Passage dockyard.
Oâ€™Flynn Construct ion bought the Elysian site in 2003 for more than â‚¬15 million. As well as the tower, it includes apartments, offices and shops.
Oâ€™Flynn Construction was set up by brothers Michael and John Oâ€™Flynn in 1978 and now owns property in Ireland, Britain and Germany. Its assets include the Ballincollig shopping centre, EastGate business park - both in Cork - and a stake in Blackrock Land, the property company spun off from Fyffes.â€