Action against developer’s firm settled

A LEGAL action against one of property developer Paddy Kelly’s companies over rent arrears for a €10 million property at Smithfield in Dublin has been settled.

Chris Kelly, a director of Redquartz Smithfield, told Mr Justice Peter Kelly at the Commercial Court yesterday the rent arrears of some €123,000 had been paid as had rent up to July next. The annual rent for the property is some €550,000, the court previously heard.

On that basis, the judge struck out legal proceedings brought against Redquartz by John and Joseph Wickham, owners of the Smithfield property, in which they had sought orders for re-possession of the property.