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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sat Mar 28, 2015 11:18 pm 
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Wait, it also has pyrite? Was this thing built on an ancient Viking burial ground or something?

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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sun Mar 29, 2015 2:27 am 
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pm1977 wrote:
Queue now to be top of the line in November, for your chance to own a piece of Dublin housing history:

http://businessetc.thejournal.ie/priory ... 8-Mar2015/


No truth in the rumours that they're renaming it? I think the two possible runners are 'Fiery Hall' and 'Pyritey Hall'
:-GC

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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sun Mar 29, 2015 10:34 am 
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Homemaker wrote:
pm1977 wrote:
Queue now to be top of the line in November, for your chance to own a piece of Dublin housing history:

http://businessetc.thejournal.ie/priory ... 8-Mar2015/


No truth in the rumours that they're renaming it? I think the two possible runners are 'Fiery Hall' and 'Pyritey Hall'
:-GC


Gorse Hall has a certain ring to it... :-GC


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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sun Mar 29, 2015 10:52 am 
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They're better off renaming it Alcatraz, after all it's still a "ball & chain" for many of the former inmates.

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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sun Mar 29, 2015 1:13 pm 
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dolanbaker wrote:
They're better off renaming it Alcatraz, after all it's still a "ball & chain" for many of the former inmates.


But they got a "get out of jail free" card didn't they? They essentially sold the properties to the state for full price. Or do I misremember?

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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sun Mar 29, 2015 3:18 pm 
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Mantissa wrote:
dolanbaker wrote:
They're better off renaming it Alcatraz, after all it's still a "ball & chain" for many of the former inmates.


But they got a "get out of jail free" card didn't they? They essentially sold the properties to the state for full price. Or do I misremember?

You're probably correct, I wasn't sure that they all "escaped".

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Planned obsolescence, one of the largest contributors to the man made element of climate change, but the one least discussed: dolanbaker
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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sun Mar 29, 2015 4:16 pm 
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The BTLs may have been treated differently actually. I believe most of the relief was for mortgage-holders for some reason.

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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sun Mar 29, 2015 7:02 pm 
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Mantissa wrote:
The BTLs may have been treated differently actually. I believe most of the relief was for mortgage-holders for some reason.


Correct, as per the article:

Quote:
Under a deal brokered by the Taoiseach’s department and the Department of the Environment, it was agreed that former residents would have their debt written off.

As part of that agreement, ownership of owner-occupier homes was transferred to DCC – as were the mortgage obligations. Owners of buy-to-let properties were given a moratorium on their mortgage payments – and promised a complete refurbishment of their apartments.


So BTL owners were in limbo and are now stuck with the least attractive property in Ireland, but short memories, a rename, refurb and rental demand will probably see them do alright in the medium to long term.


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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Sun Mar 29, 2015 8:20 pm 
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What a crazy "solution".

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 Post subject: Re: Receiver appointed to Priory Hall development in Dublin
PostPosted: Mon Jul 27, 2015 4:10 pm 
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McFeeleys legal eagles wanted the case heard in August as a matter of urgency...when all the M'luds are on their holidays in their country piles!!! Not the brightest of approaches
Quote:
Court blocks bankruptcy exit by developer Thomas McFeely
Case adjourned to October after bankruptcy trustee argues Priory Hall developer failed to disclose all his assets
http://www.irishtimes.com/business/comm ... -1.2298658
Priory Hall developer Thomas McFeely will contest an application to extend his bankruptcy by five years.
The application has been brought on grounds including his alleged failure to disclose all his assets, the High Court has heard.
Mr McFeely (67) was adjudicated bankrupt in Ireland in July 2012 and his bankruptcy is due to expire on Thursday, July 30th this year.


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