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Over €13m spent by OPW on controversial Cork flood defence scheme before construction begins
Cyclist dies from injuries sustained in Mayo hit-and-run last month
Three men jailed for 'cruel and depraved' rape of woman they encountered in Dublin nightclub
Property Porn
Got a spare €43 million? The Gasworks building is for sale...
The Dublin 4 apartment complex, one of the most well-known symbols of Irish property crash, is up for sale after developer Liam Carroll’s property empire was placed in receivership.
THE GASWORKS BUILDING, the apartment complex built by developer Liam Carroll which became one of the most visible symbols of the Irish property crash, is up for sale.
The nine-storey building in Ringsend in Dublin 4 has a guide price of €43 million, which equates to a price of €205,000 per apartment.
The price is yet another indicator of the scale of the property implosion. When the apartments launched in 2006, the guide prices were €675,000 to €750,000. Parking spaces at the property initially cost €40,000.
The property is being sold on behalf of Grant Thornton, the receivers to Liam Carroll’s property empire. Carroll’s Zoe property group collapsed in 2009 owing huge amount to banks.
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Savills, the estate agent handling the sale, suggest that two-bedroom apartments in the complex currently let for an average rent of €1,300 per month. The entire property could provide a gross annual income of approximately €3.25 million.
The nine-storey building, made up of 210 apartments, currently has 97 per cent occupancy.
Now called The Alliance, it was built using the metal shell of the old gasworks building which had been on the site since 1885 and had been a well-known Dublin landmark.
The apartments were launched in June 2006 – Liam Carroll had delayed the launch in the mistaken belief that property prices would continue to rise and allow him to maximise profits from the building.
The interior of the apartment complex
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Ironic that Googles company motto when founded was “don’t be evil”, but no matter how well intentioned any endeavor, eventually the owners sell out, shareholders take over and the faceless, no individual accountability means they will fu*k you over in any and every way they can imagine to get rich and when the gravy train ends and it all comes tumbling down the architects are long gone.
Data is the new oil, the most valuable commodity on the planet, with enough of it you can do virtually anything.
Won’t have to worry about them soon. What with the UK now out of the EU, GDPR doesn’t apply to them, so it’ll make sense for the likes of Google, Facebook, Yahoo, etc to relocate over there, where the UK government will welcome them with open arms and they won’t have Data Commissioners up their ar5e.
@DJ François: If they are in a jurisdiction outside of the EU they can tell the EU where to stick their €20m or 4% of global turnover award! Tech & internet companies can be located anywhere in the world to provide their services. If UK is smart, it will drop its Corporation tax to 12% or lower, hype up that GDPR no longer applies, if SF get near power in the Republic and follow through on their tax the multinationals promise, the tech giants will be out of here like butter off a hot knife. When you look at it with Johnson, Brexit and the left surge this general election is shaping up into, Ireland is facing a perfect storm regarding the multinationals we rely so much on.
Is this not just PR following the comment from Germany’s federal data commissioner reported yesterday? There seems to be more investigations started than complete. In fairness, it must be difficult conducting fair personal data processing investigations in these types of companies.
General Data Protection Regulations are a more significant threat to free speech than political correctness.
The onus is now on the person seeking information to prove that they have a right to access it, the authorities are using General Data Protection Regulations like a sword rather than a shield. A lot of information previously available to all is no longer accessible, making researchers work more awkward and expensive to carry out. We need a right to access information similar to that available to all citizens of the USA.
Over €13m spent by OPW on controversial Cork flood defence scheme before construction begins
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7 hrs ago
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