Property firm to contribute €1m to pyrite board

A Dublin property development firm is to contribute €1m to the Pyrite Resolution Board to assist with the cost of carrying out work on homes affected by sub-standing construction material.

The Pyrite Resolution Board has revealed that Charles Gallagher Limited, paid €400,000 last year as a result of a full and binding legal agreement with two further contributions of €300,000 due on October 1 and on the same date in 2017.

The building company which is run by Gregory Gallagher, a Howth-based developer, was held liable for the use of pyrite in an unnamed development.