Judgment deferred in development row
Judgment has been deferred in a legal dispute between two companies linked to two developers over the ownership of a section of Dublin’s south docks waterfront district.
Balark Investments, part of the Marlet Group led by Pat Crean, is behind a planned a €100m commercial and residential development on the site. Balark says its project is being delayed by Chambury Investment Company, which is linked to developer Johnny Ronan. Chambury says its interest in part of the land, at Lime St and Sir John Rogerson’s Quay overlooking the River Liffey and the Samuel Beckett Bridge, is worth €20m. Balark says the Circuit Court has already ruled that Chambury’s interest in the disputed land is just €60,000 and that is all Balark has to pay to acquire the sections at the centre of the dispute. Chambury appealed the Circuit Court’s decision.
The appeal and separate proceedings brought by Balark, where it seeks a declaration that it is entitled to demolish the buildings on the disputed lands, were heard Mr Justice Robert Haughton, who yesterday reserved his decision.