Bank secures €3.45m judgment over unfinished Dalkey dev

[grumpy]

A BANK has secured summary judgment for €3.45 million against a man arising from an unfinished development in Dalkey to which a receiver has been appointed.

Investec Bank plc secured judgment on consent against John Stafford, Victoria Road, Killiney, Co Dublin, arising from a commercial loan granted in September 2006 for the development at Coliemore Road, Dalkey.

The bank brought its proceedings against Mr Stafford in the Commercial Court after he failed to repay the loan when demand for repayment was made in September 2008.

Mr Justice Frank Clarke was told yesterday that Mr Stafford was consenting to judgment but wanted a stay on the order to allow the Dalkey development to be completed and hopefully sold. Counsel for Mr Stafford said her client was not a property developer but had got involved in this development as a “once-off” transaction.

irishtimes.com/newspaper/ire … 08584.html

This is his house that’s for sale

viewtopic.php?f=23&t=25662&p=309197

[provost]

I wonder if the bank will go after his house and try selling it for 3.45m

[xman]

Counsel for Mr Stafford said her client was not a property developer but had got involved in this development as a “once-off” transaction.

Are judges able to keep a straight face when confronted with this I wonder.

[Stifster]

@xman

Counsel for Mr Stafford said her client was not a property developer but had got involved in this development as a “once-off” transaction.

Are judges able to keep a straight face when confronted with this I wonder.

More likely an exasperated shake of the head.

And sure aren’t the property developers actually entrepreneurs?

[daltonr]

Counsel for Mr Stafford said her client was not a property developer but had got involved in this development as a “once-off” transaction.

Sweet divine. How low has property development fallen?
“M’lord my client is clearly not a habitual developer. This was a first offence.”

These guys were king of the hill a few short years ago.
Every numbskull who built an extension on his South Dublin Semi-D was
calling himself a developer and had cleared out the porn stash to make room
for Property Ladder Re-Runs.

Now they’re talked about in hushed tones, and they down play their involvement like
a TD found wandering in the Phoenix Park after dark.

-Rd

[kerrynorth]

Is that not the former FF TD John Stafford? Also of Stafford undertalers?

[Coles2]

@daltonr

Counsel for Mr Stafford said her client was not a property developer but had got involved in this development as a “once-off” transaction.

Sweet divine. How low has property development fallen?
“M’lord my client is clearly not a habitual developer. This was a first offence.”

These guys were king of the hill a few short years ago.
Every numbskull who built an extension on his South Dublin Semi-D was
calling himself a developer and had cleared out the porn stash to make room
for Property Ladder Re-Runs.

Now they’re talked about in hushed tones, and they down play their involvement like
a TD found wandering in the Phoenix Park after dark.

-Rd

Remember kids… -say ‘no’ to developing. Soft developing can lead to an addiction to harder developing.

[Inis_Man]

@Stifster

@xman

Counsel for Mr Stafford said her client was not a property developer but had got involved in this development as a “once-off” transaction.

Are judges able to keep a straight face when confronted with this I wonder.

More likely an exasperated shake of the head.

And sure aren’t the property developers actually entrepreneurs?

With so many now fleeing abroad, the new term is ‘property elopers’.

[The_Unwelcome_Guest]

@xman

Counsel for Mr Stafford said her client was not a property developer but had got involved in this development as a “once-off” transaction.

Are judges able to keep a straight face when confronted with this I wonder.

That’s why they are paid the big bucks.

[fishfoodie]

@kerrynorth

Is that not the former FF TD John Stafford? Also of Stafford undertalers?

It doesn’t look like it.

Mr Stafford has some ‘form’ with the revenue, & they listed his income as from a ‘Tool Shop’.

So possibly this is the Stafford in question, stafford.ie/

[room305]

@Coles2

@daltonr

Counsel for Mr Stafford said her client was not a property developer but had got involved in this development as a “once-off” transaction.

Sweet divine. How low has property development fallen?
“M’lord my client is clearly not a habitual developer. This was a first offence.”

These guys were king of the hill a few short years ago.
Every numbskull who built an extension on his South Dublin Semi-D was
calling himself a developer and had cleared out the porn stash to make room
for Property Ladder Re-Runs.

Now they’re talked about in hushed tones, and they down play their involvement like
a TD found wandering in the Phoenix Park after dark.

-Rd

Remember kids… -say ‘no’ to developing. Soft developing can lead to an addiction to harder developing.

Before you know it you’ll be mainlining NAMA and robbing from the public purse in broad daylight.

[mrslemon]

@fishfoodie

So possibly this is the Stafford in question, stafford.ie/

Jesus, bad Flash developer, bad property developer, they must go hand in hand. Remember our friend Ciaran Maguire? Lovely site he had.

[dowtchaboy]

@mrslemon

Jesus, bad Flash developer, bad property developer, they must go hand in hand. Remember our friend Ciaran Maguire? Lovely site he had.

Seems there’s no stopping Ciaran (despite the reported vacated offices and disconnected phone lines):

In a letter dated 14th. May 2009 to investors in it’s proposed Palm View resort in Cape Verde the Irish developer Ciaran Maguire AKA Flash Developments Ltd. based in Parkwest Industrial Estate Dublin Ireland includes the following claim:

"I take great privilege in advising you of the acquisition by The Ciarán Maguire Group of the development ‘Jacuma Beach Resort’, Natal, Brazil.

We are in the final stages of re-branding the development under the Palm View Resort and our architects are currently making the final amendments to the design – we will be releasing this marketing material over the coming week. Brazil is located just 3 hours from Cape Verde benefiting all Palm View Resort, Cape Verde purchasers, as you automatically have exclusive privileges along with annual personal usage of the Jacuma Beach Resort, Brazil."

capeverdeinfo.org.uk/phpBB2/viewtopic.php?t=1086&sid=48d72dec89357458df60f0b804d7276d

[xman]

@dowtchaboy

I take great privilege in advising you of the acquisition by The Ciarán Maguire Group of the development ‘Jacuma Beach Resort’, Natal, Brazil.

Meh, who cares. Anyway, back on topic.