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06/02/2017

Council Defers Resolutions To Impose Costs On Apartment Owners In Dublin

Dún Laoghaire Rathdown County Council has deferred resolutions aimed at imposing estimated costs of €12million on apartment owners in Beacon South Quarter in Dublin, until more information has been revealed.

The apartments have a number of structural issues and fire safety defects.

Sinn Féin councillor for Sandyford, Chris Curran, welcomed the decision.

He said: "The council are shareholders in the complex as they own some units. That, at least, gives us some influence in the council's position.

"I'm delighted with the council's response to seek a deferral and that it intends to examine the fire report that recommends the repairs.

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"I'm sure this will come as a great relief to other apartment owners as it would have been absurd to support any resolution until all the facts are established.

"Throughout the week, I had attended meetings with residents, voiced their opinion to council executives and put forward suggestions to each of the directors of IRES-REIT, the investment trust that owns most of the units.

"Sinn Féin's suggestion to IRES-REIT was that the company uses its influence to provide two positions for apartment owners to become members of the board of directors of the Beacon South Quarter's management company.

"Given the revelations about Beacon South Quarter, its clear that we'll see more incidents like this for apartment owners across the state.

"I cannot emphasise enough, the need for owner occupiers and small landlords to become familiar with the MUD Act, to know their rights and to get more involved in their management companies."

(CD)

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