December 13, 2008

Fabrizia Owner Argues For Illegal Development?

Michael Collins, lawyer for NQI:

"It could not have been the legislature's intent that buildings half or fully built should be put at naught. If that was the case, no developer would "turn a sod" on the docklands."

Does this mean the Fabrizia owner has no problem with illegal development? Can legally built architectural masterpieces be removed on a whim? Can illegally built architectural masterpieces be removed on a whim? Can public land be illegally fenced off? Can public land bw legally fenced off? Can cement companies legally build outlaw causeways across beaches? Can public officials provision banks with private sports fields and transmagicaly sell the strand to Italian girl's names? All for less than you'd pay for a years chips at Borzas. Yes We Can! Yes We Can!

Why has Dublin Docklands Developers Authority (DDDA) not been shut down yet?

North Quay Investments Ltd (NQI) is apparently controlled by a builder named Liam Carroll who also appears to control a site on Sandymount Strand beside the foreshore referred to as 'Fabrizia'. Following recent court judgements NQI appears to have built an outlaw building on the north bank of the Liffey.

The proposed chief tenant at the NQI site is bankruptcy-challenged Anglo-Irish Bank which favours removing financially effective preventative medical care from pensioners while from the other side of its synapse it begs for literally billions of cash support from taxpayers national pension funds, apparently.

The Fabrizia site is beside the IGB site in which DDDA is both speculator and planning authority, a site which is now stress-testing Anglo-Irish Bank to the tune of say €288 million in vaporised market value, not to mention shady dealings, in the Google Sketchup sense of course.

1 comment:

Anonymous said...

Carroll has lost millions from stockmarket investments in recent years.

One company, Bloomburg, lost €75m in less than two years on Irish stockmarket investments.

Carroll spent about €170m acquiring 21.57% in Greencore in 2006 and subsequently increased his stake to 29.5%. That stake was worth €41.7m on Friday.

February 22, 2009


Carroll gets extra funds from Bank of Scotland
Neil Callanan and Jon Ihle

Developer Liam Carroll has secured additional funding facilities from Bank of Scotland (Ireland) in recent weeks, industry sources have told the Sunday Tribune.

The developer, who owns thousands of apartments and the 400-acre Cherrywood site in south Dublin, regularly uses the bank or its rival AIB to fund his developments.

Bank of Scotland (Ireland) also acted as the security trustee – which holds securities on behalf of creditors – when Carroll's Dunloe Ewart agreed a finance deal in December 2005. Next month Dunloe Ewart is due to appear in court in relation to a dispute with the company's former executive chairman Noel Smyth.

February 22, 2009