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Point Village begins court action against Dunnes Stores

An action brought by Harry Crosbie's Point Village Development company against Dunnes Stores over its failure to fit out an anchor store at Dublin's Point Village has opened before the High Court.

The proceedings arise from agreements entered into February 2008 between Dunnes Stores and Point Village Development for the building and operation of a flagship anchor store at the North Quay Wall at Point Village.

The agreements originally involved Dunnes paying €46m, plus VAT, for certain works. However a number of disputes arose between the parties and High Court proceedings were initiated.

The issues were resolved following a settlement agreement of July 2010, which resulted in a series of variations to the original agreement including the €46m sum being reduced to €31m.

However the parties have disagreed over the interpretation of part of the 2010 settlement that relates to the commencement date of the fitting out of the anchor store by Dunnes, which Point Village Developments claim should have been completed by April 2011.

In High Court proceedings that commenced yesterday Point Village Developments want the court to order Dunnes to specifically perform the part of the settlement agreement that relates to the fitting-out of the anchor store.

Dunnes are opposing the action and reject any allegation it has failed to abide the terms of the 2010 settlement agreement.Home

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