€100m redevelopment plan for Stillorgan Leisureplex 'delayed by refusal to vacate'

€100m redevelopment plan for Stillorgan Leisureplex 'delayed by refusal to vacate'

A €100m redevelopment plan for the Stillorgan Leisureplex in Dublin is being delayed by a refusal of the operators to vacate the premises, it has been claimed.

Lorgan Leisure, whose directors are Ciaran and Colum Butler, has been renting the premises since 1999 and its operations include a bowling alley.

KW Investments Funds ICAV bought the premises in 2016 from the receivers for the previous owners Tenderbrook Ltd.

KW has brought Commercial Court proceedings against Lorgan over its alleged failure to vacate the premises this month so that construction works can begin. The case was admitted to the the fast track commercial list on Monday by Mr Justice David Barniville.

KW has planning permission to build 232 "build-to-rent" apartments on the 1.33 hectare site, involving the demolition of the Leisureplex.

KW had a short term letting agreement with Lorgan Leisure which paid €220,000 per annum in rent.

Jason Byers, head of residential in Ireland for KW, said in an affidavit that Lorganagreed, as part of its short term lease, to surrender the premises under a break clause.

He said contractors were ready to move in to clear the site but because of the defendant's "recent indication that it will not vacate the premises" works cannot commence this week as anticipated.

Mr Byers said Ciaran Butler was disappointed KW did not intend to include a bowling alley in the redeveloped site. Mr Butler's proposal that Lorgan Leisure would buy the Leisureplex from KW was rejected.

Lorgan has also now said it intends putting in a claim for a new tenancy under landlord and tenant legislation.

Mr Byers says the development is being done under the Government's strategic housing legislation and any delay will significantly undermine the purpose of this policy to fast track housing developments.

He also said even if the harm to KW's business could be compensated by the award of damages, Lorgan will not be in a position to pay as its publicly available financial statement for 2018 shows it has net assets of just €376.

More on this topic

€400,000 for girl, 6, over shoulder injury allegedly suffered at birth€400,000 for girl, 6, over shoulder injury allegedly suffered at birth

Martial arts instructor jailed for one-punch killing of passerby in DublinMartial arts instructor jailed for one-punch killing of passerby in Dublin

Cork woman in court on €1,500 drug chargeCork woman in court on €1,500 drug charge

Court hears of 'slick, highly organised' murder of Garda Adrian DonohoeCourt hears of 'slick, highly organised' murder of Garda Adrian Donohoe

More in this Section

Expert calls for public register of mortgages sold to vulturesExpert calls for public register of mortgages sold to vultures

Huawei bosses react to 5G network decision on ‘high-risk vendors’Huawei bosses react to 5G network decision on ‘high-risk vendors’

Ryanair warns of more job losses over 737-Max groundingRyanair warns of more job losses over 737-Max grounding

Greencore to review CEO Coveney's annual pension contribution after shareholder voteGreencore to review CEO Coveney's annual pension contribution after shareholder vote


Lifestyle

The duo are hosting a new Netflix competition show, putting designers through their paces.Next In Fashion: Why Alexa Chung and Tan France are style icons

Fresh water no filter: #instagood.The 10 most Instagrammed lakes in the world

A stay at tranquil hideaway The Residence is an indulgent way to unwind, rest and recuperate, says Sophie Goodall.Why this luxurious Turkish resort is the ultimate sanctuary for wellness and relaxation

The benefits of cutting down on booze can last way beyond the new year. Lauren Taylor finds out more about strategies to help make the change stick.Beyond Dry January: Is it time to reassess our relationship with alcohol in the longer term?

More From The Irish Examiner