High Court hears €19m land sale deal secured with €100 deposit

A BUILDING firm is being sued by two property developers over what a High Court judge has described as an “extraordinary” contract in which a deal for the€19 million sale of lands in Dublin was secured on a deposit of €100.

Mr Justice Peter Kelly made the remark yesterday when transferring proceedings brought by John Burke and Sean Flanagan, of Summerhill, Co Meath, against McGinley Construction Ltd, the Hollands, Lifford, Co Donegal, to the list of the Commercial Court.

Hugh O’Neill SC, for the plaintiffs, agreed the contract was “rather unusual”.