German firm loses Anglo HQ costs case

A German company contracted to carry out “no expense spared” glazing works for the facade of the proposed flagship Dublin headquarters of Anglo Irish Bank has lost its action for compensation when the project did not proceed.

Mr Justice John Cooke ruled Metallbau Fruh GMBH had failed to make out claims it was entitled to compensation on grounds including negligence and breach of duty by the bank, which collapsed in 2008, was nationalised and renamed Irish Bank Resolution Corporation.

The headquarters is part of a site on Dublin’s north quays. The Central Bank recently signed contracts with Nama and the receiver of developer Liam Carroll’s North Quay Investments Ltd to purchase the site for €7m.