SoCoDu wrote:
jake76 wrote:
Did they build any houses or are they just land speculators ?
They have built quite a few houses and continue to do so but have been tied up in planning battles left, right and centre so their larger schemes (100+ homes) have yet to see the light of day. They have one big one with nearly 200 apartments under construction in Harold's Cross.
Tied up in planning battles as the majority of Crekav applications I have looked over are low-spec and purposely push Development plan standards looking for a dubious permission due to the depressed market. (ie too low density applications in some areas and too high density applications in others). it's a bit of a no brainer if you can afford the capital to be tied up for 3-5 years. If you get your planning permission you hugely increase the site value, if you get refused the refusal is specific enough to still allow an accurate enough valuation of the site. I presume the St Anne's Park application they withdrew last week was heading for a catastrophic refusal (deemd a material contravention of the development plan or some such) and was withdrawn on those grounds.
Dig out the links to specific case files- e.g look over the refused application for the old tram depot on newtown ave in Blackrock (D15A/0620)for example. really basic issues around overlooking and parking blatantly ignored given the context of a tightly drawn Local Area Plan.
Is this the ultimate flip?
