Re: Re: Dartmouth Square Disgrace

publicrealm-

We’ve been debating this a bit in work, with no consensus on the value. How did you arrive at your valuation? It’s not something with which I’m overly familiar. Is it to do with the development potential, which is surely a function of the zoning? Or is it based on the price a third party would be willing to pay for the land? Or is there an objective measure?
A colleague wondered whether the price paid by Mr O’Gara (“considerably less than €10,000” as he never tires of repeating) shouldn’t be the CPO value, i.e. that in purchasing it he set the value himself.

Thanks.