logo
Purchaser of €6m Ballsbridge penthouse sues over heating system

Purchaser of €6m Ballsbridge penthouse sues over heating system

Irish Times22-05-2025

A businesswoman who bought a penthouse apartment in Ballsbridge, Dublin, for more than €6 million – marketed as 'thought to be the most expensive in Ireland' – has claimed in the High Court she has had to endure 'unbearable' temperatures of up to 33C degrees due to an alleged failure to maintain or repair the district heating system.
Aideen O'Byrne is seeking injunctions preventing the developer of the property from transferring its beneficial interest in the Lansdowne Place apartment buildings and common areas to an owners management company until problems are resolved.
She has brought the proceedings against the developer, Copper Bridge C 2015 ICAV, and O'Connor Sutton Cronin and Associates Ltd.
On Thursday, Mr Justice Brian Cregan granted her an interim order until next week preventing Copper Bridge transferring its interest pending determination of the proceedings. The application was made by Fiona Forde BL, on a one side only represented basis.
READ MORE
In an affidavit, Ms O'Byrne said that in 2017 she agreed to pay some €6.5 million off the plans for the penthouse with a construction period of two years. The price was ultimately reduced by €335,000 and she moved in 2021 and lives there with her husband.
She said the developer maintained the apartments were of the highest standard and her property was publicised by agents as 'thought to be the most expensive apartment sold in Ireland' at the time.
However, she said she did not receive full value for the price paid due to issues including the internal temperature frequently making occupation uncomfortable and 'occasionally unbearable'.
An expert report found that during last year's summer of moderate/below average temperatures there was a threshold internal temperature of the apartment of 33.4 degrees centigrade which is well above acceptable temperatures including those recommended by the World Health Organisation.
She said the owners management company was aware of the problem and a report was provided in 2021 showing lobby areas were consistently showing temperatures of 29 degrees.
The report recommended door-hold open devices, the opening of high level stair ventilators and the operating temperatures of the district heating system were also reduced.
Ms O'Byrne said the opening of the automatic vents on her roof garden was both a security risk, visual eyesore and noise nuisance. Certain other recommendations were made to deal with the problem including a shut down of the district heating system between midnight and 5am and insulation improvements to the pipework.
The management company said last February, through its solicitor, that a report had been sent to the developer with certain recommendations in relation to heating in the lobby areas and was 'in hand'. She has not been furnished with it, despite repeated requests, she said.
She had brought proceedings in 2022 against the defendants alleging breach of contract, negligence and breach of duty including by failing to repair/maintain the heating system and common areas. She now seeks that the management company be also joined as a defendant.
She said last April a note was circulated to all residents by the management company rejecting any liability for alleged defects.
It said it had been notified of the proposal to join it as a co-defendant but said 'if the member persists, the owners management company will incur significant costs for the High Court representation including senior and junior counsel, engineers and architects etc'.
Ms O'Byrne said this appeared to 'comprise an effort to intimidate and isolate me from my fellow residents' and put pressure on her to abandon her requests for an indemnity from the developer in relation to issues with the apartment.
In April the developer confirmed the transfer of the legal interest in the common areas to the management company and therefore the only interest remaining was the beneficial interest, she said.
There was now an urgency to prevent the transfer of that remaining interest as the developer had not given an undertaking not to do so, she said. She said the developer is a special purpose investment vehicle (ICAV) which meant the owners would not have any recourse under company law against it.
She has no assurance the developer will exist or have the means to meet her claim once the transfer of the common areas is completed, she said. She also seeks that an indemnity be sought from the developer which she said the management company had said it will not seek.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Smart two-bedroom townhouse near UCD for €565,000
Smart two-bedroom townhouse near UCD for €565,000

Irish Times

timean hour ago

  • Irish Times

Smart two-bedroom townhouse near UCD for €565,000

Address : 11 Nutley Square, Greenfield Park, Donnybrook, Dublin 4 Price : €565,000 Agent : DNG View this property on Nutley Square, a distinctive brick-fronted residential development , is hidden away off the Stillorgan Road in Donnybrook , Dublin 4. Accessed from Greenfield Park (opposite the Nutley Lane junction) it comprises a series of mews-style homes arranged around a central courtyard, offering a sense of community and privacy. Constructed in the 1980s, it is now a mature, well-established neighbourhood, backing on to the grounds of UCD. Number 11, a two-bedroom midterrace house, has just been listed through estate agent DNG. Extending to 75sq m (807sq ft), one of the nicest rooms in the brick-fronted home is the conservatory to the rear. Currently used as a diningroom, it has a large roof light overhead which tends to flood the room with light. The fact the room is not entirely glazed – as some conservatories are – means it won't become overheated in summer months. From here, double doors lead to the rear garden, which is really a lovely low-maintenance space filled with potted plants, an interesting wall feature and space at the end for summer dining. [ Stylish, light-filled Stoneybatter redbrick for €525,000 Opens in new window ] Kitchen A separate kitchen - though with a convenient service hatch - lies just inside the front door, allowing the more formal living and dining spaces to flow into one another, though they can be closed off thanks to a set of pocket doors. Its neutral palette allows light to bounce around the livingroom, which has laminate flooring and a marble chimneypiece with an open fire. Livingroom There are two double bedrooms upstairs: one lying to the front and a second to the rear. Both are well-lit thanks to having two windows each, and both share a good-sized bathroom, which has a shower and bath. READ MORE Bedroom 1 Bedroom 2 Bathroom Its Ber is D1, which new owners may want to address to improve its energy efficiency, and its annual service charge, for upkeep of the scheme's common area, is about €734 per annum. There is parking for one car out front, with further visitor spaces in the courtyard. Diningroom Rear garden The property is within easy reach of renowned primary and secondary schools such as St Mary's National School and The Teresian School, and for commuters the location is very convenient, with several Dublin Bus routes to the city centre on the QBC up the road, while UCD's Belfield campus, St Vincent's University Hospital and Donnybrook village are all located nearby. In excellent order, number 11 Nutley Square is now available for sale through DNG seeking €565,000.

Return to office boosts demand for older London buildings, says British Land
Return to office boosts demand for older London buildings, says British Land

Irish Times

timean hour ago

  • Irish Times

Return to office boosts demand for older London buildings, says British Land

Demand for high-end London offices is starting to 'trickle down' to older buildings because of sky-high rents, fewer people working from home and a shortage of new properties, according to one of the capital's biggest landlords. British Land, which co-owns Broadgate in the City of London, said it had seen a significant uptick in demand for 'good second-hand space in core locations' and a sharp fall in the amount of available space. Since Covid-19, big office tenants have been narrowly focused on the best-quality space in new or freshly refurbished buildings, as they try to lure employees back to in-person work. But Simon Carter, British Land chief executive, said the market was now shifting because new space had become so expensive and there was little availability owing to a lack of construction since the pandemic. READ MORE 'There is definitely the trickle-down effect,' he said. 'The return to the office is much stronger than anyone anticipated. No one [has] built, so the rents are strong.' A year ago, hedge fund and market maker Citadel pre-leased a large office space in British Land's development at 2 Finsbury Avenue for about £100 per sq ft (€118.70), far ahead of the roughly £70 per sq ft rent similar buildings had commanded just a few years earlier. Rents for that top-quality space are now pushing £115-£120 per sq ft, with few buildings still on the market to occupy in the next several years – which is forcing businesses to look at other options. 'That demand is just going elsewhere,' said Mr Carter. Office vacancy levels fell slightly in London's central City and West End districts in the first quarter, according to data provider Costar. Brokers Cushman & Wakefield said the amount of second-hand space sitting on the market in the City had fallen by a fifth since 2023. Most businesses want to stay in core locations close to large train stations, but Mr Carter noted early signs of a move to office districts farther away from key transport links, such as British Land's development at Canada Water. He said he was beginning to see a trend that 'if [companies] want a new building and they are more price sensitive, they are looking at some of the emerging locations: Battersea, Stratford, the new buildings at Canary Wharf or Canada Water'. British Land recently reported an improvement in the value of its properties with its £9.5 billion portfolio of UK offices and retail parks increasing 1.5 per cent in the 12 months to March, according to independent assessments. The portfolio was boosted by higher rents after several years of valuation declines driven by rising interest rates. The company reported its rents rose 3 per cent on a like-for-like basis, with underlying profit – which strips out the impact of changes in property valuations – rising 4 per cent to £279 million. – Copyright The Financial Times Limited 2025

Zara founder snaps up last Dublin docklands project linked to Nama
Zara founder snaps up last Dublin docklands project linked to Nama

Irish Times

timean hour ago

  • Irish Times

Zara founder snaps up last Dublin docklands project linked to Nama

Zara founder Amancio Ortega's investment firm Pontegadea has bought a 6,344sq m (68,286sq ft) office building in Dublin's south docklands for almost €70 million from US property group Kennedy Wilson and the National Asset Management Agency (Nama), according to sources. The deal to buy Ten Hannover Quay, a grade A office development let out to US financial technology group Fiserv, closed last week, the sources said. It marks Nama's final exit from the capital's docklands, where it had been involved in the large regeneration programme for more than a decade. A spokesman for Nama, which owned 40 per cent of the building, declined to comment, while representatives for Kennedy Wilson and Pontegadea did not respond to requests for comment. Nama, which was set up in 2009 to acquire about €72 billion of risky and distressed commercial property loans from Irish lenders, saw its remit widened about 13 years ago to deliver thousands of homes and develop swathes of land in the docklands that had fallen under its control as underlying loans ran into trouble. READ MORE This included sites previously controlled by Treasury Holdings, developer Harry Crosbie and the now-defunct Dublin docklands Development Authority. Nama would work with partners such as Kennedy Wilson and US investment firm Oaktree, two of the most active buyers of Irish property assets in the wake of the property crash, Singapore-headquartered Oxley Holdings and Irish building contractor Bennett Construction to develop the land. Ford chief Lisa Brankin on accelerating the switch to EVs Listen | 41:35 Nama and its partners have delivered 3.8 million sq ft of commercial space, 2,000 homes, retail, cultural and green space across 15 sites on either side of the river Liffey over the past decade. The sale of Ten Hanover Quay comes just three years after Fiserv signed up as tenants for the entire building, a modern glass-fronted office block integrated into an 1880s docklands warehouse overlooking Grand Canal Dock. Fiserv is paying €57.50 per sq ft, almost €3.93 million in total, a year, with a rent review scheduled for 2027, according to an information memorandum distributed by estate agents CBRE and Savills, who handled the sale of the building, which has a freehold title. Nama, which paid a deeply discounted price of €32 billion to acquire loans from Irish lenders during the financial crisis, had reduced the carrying value of its loan book to €370 million and its investment properties portfolio to €373 million by the end of last September, according to its latest quarterly report. This follows large portfolio sales and Nama working with certain debtors to develop and offload projects over the course of its lifespan. The remains of the agency, together with what remains of Irish Bank Resolution Corporation, which is home to the remnants of Anglo Irish Bank and Irish Nationwide Building Society, are on track to move to a new resolution unit in the National Treasury Management Agency later this year. Pontegadea, through which Mr Ortega holds most of his 59.2 per cent interest in Indetex, parent of Zara, Massimo Dutti, Pull & Bear and several other retailers, made its first foray into Ireland's commercial property market in March 2022, paying just over €100 million for 120 apartments at Opus at Six Hanover Quay in Dublin's south docklands. It paid about €225 million for a big logistics investment at Dublin's Baldonnell Business Park, including a centre used by Amazon, about 18 months later. Between those dates, Pontegadea entered and, subsequently, withdrew from talks to buy part of Meta's new Ballsbridge campus in Dublin for about €525 million.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store