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Gannon sells his Clonskeagh Paper Mill site for over €18m

Developer Gerry Gannon has completed the sale of the Paper Mill site in Clonskeagh, Dublin 6 to Bain Capital, an American-owned private investment firm which has been involved in a number of property developments in Dublin.
Sales agents Knight Frank had been quoting €18m to €20m for the site and it is believed to have achieved slightly over the €18m mark. CBRE acted for the purchaser.
State agency Nama will benefit from the deal as it had a charge on the site.
The 3.14-acre site has planning permission for 126 apartments in blocks rising to four storeys and the deal also included 10 existing terraced period houses on Clonskeagh Road with full planning permission for their refurbishment. Planning permission on the site includes 25 one-bedroom apartments, 98 two-beds and three mews/penthouse units. ....

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Gerry Gannon entitled to €2m from airport car park operator

Developer Gerry Gannon is entitled to judgment for €2.18m rent against a company which operated a car park for Dublin Airport passengers on lands in Santry owned by the builder, a High Court judge has ruled.
Mr Gannon initiated proceedings last year against Parkfly Ltd and Last Bus Ltd, both companies controlled by transport entrepreneur John O’Sullivan.
He sought orders for possession of the car park premises against both defendants and a summary judgment order for €2.18m rent against Parkfly in respect of its 2019 lease for the premises.
Parkfly operated the car park premises under two leases granted in 2014 and 2019. ....

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