Over €25m of property sold at public auction

More than €25m of property was sold at the latest large-scale public auction held by Allsop Space in Dublin yesterday. A total of 131 lots out of more than 180 properties for sale went under the hammer for a combined total of €25.61m.

The event passed off without incident after a group of protesters, whose demonstration had led to the previous abandonment of an Allsop auction in the Shelbourne Hotel last July, reached an agreement with the auctioneers about the issue of distressed properties.

Members of the group, Friends of Banking Ireland, led by developer, Jerry Beades, had staged a sit-in at Allsop’s offices on Waterloo Road on Monday night in advance of yesterday’s auction.