Investment broker’s €9m rent entitlement denied

The receivers of the Spencer Dock Development Company have disputed claims by Davy Target Investments that it is entitled to €9m payments arising from agreements over distribution of rent monies from a large office block on Dublin’s quays.

Receivers Luke Charleton and David Hughes want the Commercial Court to fast-track the dispute because they are anxious to proceed with the sale of the building, their counsel Cian Ferriter told Mr Justice Brian Cregan.

The judge agreed to transfer the action to the Commercial Court list.