Published on: Jul 20, 2010
Here’s an interesting story in the news today:
Irish Nationwide is considering taking over remedial works on a north Dublin apartment complex that is ‘deteriorating’ because of building defects. […] Council official Kieran Cunningham said that remedial works will be necessary to roofs and balconies while there are also problems with cladding. He said on-going problems are now reaching a ‘crescendo’ with the buildings’ deteriorating and that balcony railings will be in danger of falling off because of rust. […] Coalport has still not carried out the fire safety works agreed in the complex.
You can read the full story on RTE.ie. While it makes for grim reading for owners and residents of Priory Hall, it does mean there’s a glimmer of light at the end of the tunnel. It’s not unthinkable that other banks might do the same in an effort to shift unsold apartments sooner rather than later. We spoke to NAMA last week about this issue and, while they’re not promising anything right now, we’re hopeful that they will use some of their budget to do the same.